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 : HuMAB companies

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: scaram(o)uche who wrote (152)5/4/2001 7:32:12 PM
From: keokalani'nui  Read Replies (1) of 1022
 
Genentech Wins Patent Dispute With GlaxoSmithKline
SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--May 4, 2001-- Genentech, Inc. (NYSE: DNA - news) today announced that a federal jury in Delaware unanimously found that Genentech's two leading oncology products, Herceptin® (Trastuzumab) and Rituxan® (Rituximab), do not infringe patents held by GlaxoSmithKline and therefore that Genentech is not required to pay royalties to GlaxoSmithKline on those products. The jury also unanimously found that all of the patent claims that GlaxoSmithKline asserted against Genentech were invalid.

``We are very pleased with the verdict,'' said Arthur D. Levinson, Ph.D., chairman and chief executive officer at Genentech. ``We made our case successfully that GlaxoSmithKline's technology played no role in the development of Herceptin and Rituxan, and that GlaxoSmithKline's patent claims are invalid because Genentech scientists and others working in the field earlier developed the very technology that GlaxoSmithKline was claiming as its own.''

GlaxoSmithKline filed its lawsuit against Genentech on May 28, 1999 and asserted that Genentech infringed four U.S. patents owned by GlaxoSmithKline. Two of the patents related to the use of specific kinds of antibodies for the treatment of human disease, including cancer. The other two patents asserted against Genentech related to preparations of specific kinds of antibodies to make them more stable and the methods by which such preparations are made.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext