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Biotech / Medical : AFFYMETRIX (AFFX)
AFFX 14.010.0%Apr 1 5:00 PM EST

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To: JF Quinnelly who wrote (1537)12/24/2001 10:27:08 AM
From: Jon Koplik  Read Replies (1) of 1728
 
Affymetrix and Incyte Genomics Settle All Patent Infringement Litigation

PALO ALTO, Calif. and SANTA CLARA, Calif., Dec 21, 2001 /PRNewswire via COMTEX/ -- Incyte Genomics, Inc. (Nasdaq: INCY chart, msgs), the leading genomics information company and Affymetrix, Inc., (Nasdaq: AFFX chart, msgs) the leader in creating breakthrough tools for the genomic revolution, today announced a comprehensive settlement of all existing infringement litigation between the two companies. The first lawsuit involved several of Affymetrix microarray-related patents (U.S. Patent Nos. 5,445,934, 5,744305, 5,800,992, 5,871,928, 6,040,193). The second lawsuit involved Incyte's RNA amplification patents (U.S. Patent Nos. 5,716,785, 5,891,636). The companies have agreed to cross-licenses under their respective intellectual property portfolios. Financial terms were not disclosed. Affymetrix and Incyte also are investigating possible future commercial agreements between the companies

Source: Incyte Genomics, Inc.
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