SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : AFFYMETRIX (AFFX)
AFFX 14.010.0%Apr 1 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jed Davidow who started this subject3/24/2001 2:23:56 AM
From: nigel bates  Read Replies (1) of 1728
 
March 23 /PRNewswire/ -- Affymetrix, Inc., (Nasdaq: AFFX - news) and Oxford Gene Technology, Ltd. (OGT) today announced the settlement of all existing litigation between the two companies. Financial details were not disclosed.
The settlement encompasses a number of lawsuits. Key components of the settlement include:

-- OGT and Affymetrix will dismiss the pending lawsuits in the Delaware
Federal Court.

-- OGT will drop its infringement actions and both parties will drop their
revocation actions challenging each others' patents in the
United Kingdom.

-- OGT will withdraw their petition for leave to appeal to the House of
Lords in the license action in the United Kingdom.

-- Both parties will cease their involvement in opposition proceedings
against the other's European patent in the European Patent Office.

Professor Edwin Southern, majority owner and Chairman of OGT, said ``It is essential for genomic research that these matters have been resolved and that OGT can concentrate on its main objectives of developing its own technology and business and licensing others to do the same.''
``All of us at Affymetrix prefer to focus our energies on providing state of the art genetic analysis tools to help our customers achieve cutting-edge results,'' said Susan E. Siegel, President of Affymetrix. ``We are delighted to have these matters behind us.''
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News