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Biotech / Medical : Trickle Portfolio
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To: tnsaf who wrote (1746)9/1/2005 10:49:20 PM
From: tuck  Read Replies (1) of 1784
 
Stratagene loses patent infringement suit against Third Wave, but no news on the monetary damages:

MADISON, Wis., Sept. 1 /PRNewswire-FirstCall/ -- Third Wave Technologies Inc. (Nasdaq: TWTI - News) today announced that a federal jury has found Stratagene Corp. guilty of infringing patents that protect Third Wave's nucleic acid chemistry.

Third Wave in September 2004 filed suit against Stratagene in U.S. District Court alleging the infringement, seeking a permanent injunction preventing the sale of Stratagene's reagents marketed as "FullVelocity" products and monetary damages.

"The positive outcome of this trial for Third Wave and our shareholders solidifies and upholds the uniqueness of the Invader chemistry and strengthens the company's valuable intellectual property portfolio," said John Puisis, president and chief executive officer of Third Wave. "Many know that basic polymerase chain reaction, or PCR, the patents of which have expired, plus our Invader technology is more powerful than TaqMan and very valuable as a platform for nucleic acid testing. We own a powerful and valuable technology and will continue to vigorously protect it."

The Invader® chemistry and the methods of using it are protected by a suite of more than 45 issued patents; more than 100 additional Third Wave patents are pending.<<

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Cheers, Tuck
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