Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGenus Regulatory News (GNS)

Share Price Information for Genus (GNS)

Share Price is delayed by 15 minutes
Get Live Data
2,020.00    -52.00 (-2.51%)
Bid:
2,008.00
Ask:
2,016.00
Spread: 8.00 (0.398%)
Market Cap: £1.34b
GNS Live PriceLast checked at - London Stock Exchange

Intraday Genus Share Chart

FURTHER DECISIONS IN US LITIGATION

12 Aug 2016 07:00

RNS Number : 0245H
Genus PLC
12 August 2016
 

For immediate release 12 August 2016

Genus plc ('Genus')

 

FURTHER Decisions in US Litigation

Genus plc (LSE: GNS), a global pioneer in animal genetics, following the announcement earlier today, can now report further jury verdicts in its litigation against Inguran LLC, operating as Sexing Technologies ('ST'), relating to ABS's Genus Sexed Semen ('GSS') processing technology.

At the trial, in the US District Court for the Western District of Wisconsin where the verdicts were announced yesterday, the jury found that (i) ST's patent number 8,206,987 was valid and infringed; (ii) that ST's patent number 8,198,092 was valid and infringed; and (iii) that ABS had materially breached the confidentiality obligations under the 2012 semen sorting agreement between the parties. The jury will now consider a verdict on damages in relation to these matters later this week.

In verdicts delivered on 10 August the jury determined that ABS and Genus had proved that ST had wilfully maintained monopoly power in the market for sexed bovine semen processing in the US since July 2012. The jury also found that Genus had not proved that it had suffered injury as a result of ST's wilful maintenance of monopoly power.

GSS is a novel technology for sexing bovine semen that does not subject the sperm cells to high pressures and forces. Dairy farmers have a preference for female calves, and the use of gender skewed sexed semen in artificial insemination provides customers with female calves from ABS's elite genetic lines. The commercial launch of GSS product would provide ABS customers and third party bull studs with an alternative service provider and increased competition in the market for the processing of sexed bovine semen.

Genus is awaiting the court's decision on a number of motions relating to the provisions of the 2012 semen sorting agreement and is considering its post verdict motions. Genus will update the market further as rulings are made.

 

For further information:

Genus:

Karim Bitar, Chief Executive +44 (0)1256 345 970

Stephen Wilson, Group Finance Director +44 (0)1256 345 970

Dan Hartley, Group General Counsel & Company Secretary (for legal enquiries) +44 (0)1256 345 970

 

Buchanan:Charles Ryland / Vicky Hayns +44 (0) 207 466 5000

 

About Genus:

Genus creates advances to animal breeding and genetic improvement by applying biotechnology and sells added value products for livestock farming and food producers. Its technology is applicable across all livestock species and is currently commercialised by Genus in the dairy, beef and pork food production sectors.

Genus's worldwide sales are made in over seventy-five countries under the trademarks 'ABS' (dairy and beef cattle) and 'PIC' (pigs) and comprise semen, embryos and breeding animals with superior genetics to those animals currently in production. Genus's customers' animals produce offspring with greater production efficiency, and quality, and use these to supply the global dairy and meat supply chain.

The Group's competitive edge has been created from the ownership and control of proprietary lines of breeding animals, the biotechnology used to improve them and its global supply chain, technical service and sales and distribution network.

With headquarters in Basingstoke, United Kingdom, Genus companies operate in over twenty-five countries on six continents, with research laboratories located in Madison, Wisconsin, USA.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEASPAFDSKEEF
Date   Source Headline
26th Nov 20104:27 pmRNSHolding(s) in Company
11th Nov 20103:33 pmRNSResult of AGM
11th Nov 20107:00 amRNSAGM and IMS
29th Oct 20102:30 pmRNSTotal Voting Rights
28th Oct 20107:00 amRNSStrategic Progress in India
27th Oct 20102:30 pmRNSAnnual Information Update
14th Oct 201010:00 amRNSAnnual Financial Report and AGM Meeting
30th Sep 20103:30 pmRNSTotal Voting Rights
27th Sep 20102:30 pmRNSDirector/PDMR Shareholding
22nd Sep 20103:16 pmRNSAdditional Listing
22nd Sep 20102:49 pmRNSDirector/PDMR Shareholding
15th Sep 20102:50 pmRNSDirector/PDMR Shareholding
13th Sep 201011:00 amRNSDirector/PDMR Shareholding
10th Sep 20102:00 pmRNSDirector/PDMR Shareholding
7th Sep 20107:01 amRNSBoard Change
7th Sep 20107:00 amRNSPreliminary Results
30th Jul 20102:00 pmRNSBlocklisting Interim Review
5th Jul 20107:00 amRNSPre-Close Trading Statement
17th Jun 20102:30 pmRNSHolding(s) in Company
3rd Jun 20103:30 pmRNSDirector's Shareholding
12th May 20107:00 amRNSInterim Management Statement
30th Apr 20102:00 pmRNSTotal Voting Rights
19th Apr 20102:58 pmRNSHolding(s) in Company
7th Apr 20102:00 pmRNSHolding(s) in Company
1st Apr 20102:30 pmRNSDirector/PDMR Shareholding
2nd Mar 20103:00 pmRNSDirector/PDMR Shareholding
26th Feb 20109:17 amRNSHolding(s) in Company
25th Feb 20107:00 amRNSSenior Management Appointments
25th Feb 20107:00 amRNSInterim Results
22nd Feb 20103:33 pmRNSHolding(s) in Company
29th Jan 201010:00 amRNSBlocklisting 6 Monthly Return
26th Jan 20107:00 amRNSNotice of Results
14th Jan 20105:27 pmRNSHolding(s) in Company
4th Jan 20107:00 amRNSTotal Voting Rights
30th Nov 20094:00 pmRNSTotal Voting Rights
30th Nov 20092:00 pmRNSDirector/PDMR Shareholding
17th Nov 20094:20 pmRNSHolding(s) in Company
13th Nov 20092:00 pmRNSDirector/PDMR Shareholding
12th Nov 20093:25 pmRNSResult of AGM
12th Nov 20092:15 pmRNSAGM and Interim Management Statement
30th Oct 20092:00 pmRNSTotal Voting Rights
27th Oct 20092:00 pmRNSAnnual Information Update
9th Oct 20093:58 pmRNSAnnual Financial Report and AGM
30th Sep 20092:00 pmRNSTotal Voting Rights
28th Sep 20094:10 pmRNSDirector/PDMR Shareholding
16th Sep 20092:30 pmRNSDirector/PDMR Shareholding
15th Sep 20092:32 pmRNSDirector/PDMR Shareholding
10th Sep 20094:37 pmRNSDirector/PDMR Shareholding
10th Sep 20097:00 amRNSBovine Research And Development Success
10th Sep 20097:00 amRNSPreliminary Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.