U.S.-based Bruker stated it expects to shortly search a keep of any court-ordered injunction that discovered its firm NanoString at fault in a patent infringement lawsuit.
The lawsuit was filed by 10x Genomics and considerations merchandise that profile the spatial distribution of RNA and protein expression in a tissue pattern. In a November 2023 ruling, the Delaware District Court docket sided with 10x Genomics, saying NanoString’s GeoMx digital spatial profiler infringed seven patents.
NanoString, a listed firm on the time, filed for chapter in February this yr. A month later, Bruker acquired the corporate for $392.6 million.
Bruker shares had been flat final month, however stay down from highs in March this yr because of weak working revenue. The corporate has a market capitalization of $8.86 billion.
The court docket issued its determination on the post-trial motions on December 23, 2024, by which damages of $31.6 million had been upheld; Enhanced damages, requested by 10x, had been denied. The ultimate movement, a request for a 10x injunction, was granted by the court docket, which means gross sales of GeoMx merchandise to new prospects in the US might be halted.
Bruker stated he “respectfully disagrees” with the choice to grant the injunction. Though GeoMx devices symbolize lower than 0.2% of Bruker’s whole income, the corporate is planning its personal measures to guard the product line.
“We hope to promptly search a keep of any injunction in the end ordered,” stated Todd Garland, president of Bruker’s Area Biology Division.
“We additionally sit up for the enchantment of our case being heard by the US Court docket of Appeals for the Federal Circuit,” he added.
Bruker has had a busy 2024 to strengthen its place within the medical diagnostics market. In February, he spent $942 million to acquire molecular diagnostics firm ELITechGroup.
10x is taking a look at January 2025 – when the injunction might be entered by the court docket. The order will forestall Bruker from manufacturing, utilizing, promoting or providing the machine and its related devices, reagents and providers for the detection of RNA and proteins. To reduce disruption to analysis, 10x requested an injunction to not embody researchers who put in a GeoMx instrument earlier than November 2023.
Responding to the injunction, 10x Genomics’ common counsel Eric Whitaker stated the ruling preserves “a decade-long funding in innovation and ensures [10x] can proceed to develop groundbreaking applied sciences that assist our prospects revolutionize science.
“Bruker Seeks to Keep GeoMx US Injunction After Court docket Ruling” was initially created and revealed by Medical Device Networka model owned by GlobalData.
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