Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGenus Regulatory News (GNS)

Share Price Information for Genus (GNS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,694.00
Bid: 1,688.00
Ask: 1,694.00
Change: 28.00 (1.68%)
Spread: 6.00 (0.355%)
Open: 1,650.00
High: 1,694.00
Low: 1,650.00
Prev. Close: 1,666.00
GNS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

US LITIGATION UPDATE

9 Jun 2017 07:00

RNS Number : 6105H
Genus PLC
09 June 2017
 

For immediate release 9 June 2017

 

Genus plc

('Genus' or the 'Group')

US LITIGATION UPDATE

Genus plc (LSE: GNS), a global pioneer in animal genetics, announces that on 7 June 2017 Inguran, LLC, XY LLC and Cytonome/ST, LLT (collectively ST) filed patent infringement proceedings against ABS Global, Inc., Genus plc and Premium Genetics (UK) Limited (collectively ABS) in the United States District Court for the Western District of Wisconsin. The new litigation alleges that ABS infringes seven ST patents and asserts trade secret and breach of contract claims. ABS intends to vigorously defend ST's latest legal action.

 

The litigation is part of the long running dispute between ST and ABS in connection with the development and launch of Genus Sexed Semen technology (GSS), a proprietary product designed to compete with ST's monopoly in the processing of sexed bovine semen. In previous litigation initiated by ABS, the Court for the Western District of Wisconsin awarded ABS a permanent injunction against ST based on the finding that ST had wilfully maintained an illegal monopoly in the market for sexed bovine semen processing in the US since July 2012. The Court also found ABS had infringed two ST patents and awarded damages and post judgment royalties. ABS has filed a notice of appeal on one of these patents and an Inter-Partes Review oral hearing at the US Patent Office is scheduled shortly on the other. The US Patent Office had earlier found two other ST patents challenged by ABS to be unpatentable.

 

GSS is a novel and proprietary technology for sexing bovine semen that focuses on fertility outcomes and does not subject the sperm cells to the high pressures and sheer forces of the technology currently in use in the industry. The new litigation will not delay the commercial launch of GSS which will launch as scheduled in 2017 in the US and other key markets.

 

For further information, please contact:

Genus Tel: +44(0)1256 345970

Karim Bitar, Chief Executive

Stephen Wilson, Group Finance Director

Dan Hartley, Group General Counsel and Company Secretary (for legal enquiries)

Buchanan Tel: +44(0)207 466 5000

Charles Ryland / Vicky Hayns

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
 
 
MSCBKLBBDQFLBBV
Date   Source Headline
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
13th Aug 200910:36 amRNSNotice of Results
31st Jul 20092:00 pmRNSBlocklisting Return
31st Jul 20092:00 pmRNSTotal Voting Rights
15th Jul 20092:00 pmRNSHolding(s) in Company
9th Jul 20097:00 amRNSPre-Close Trading Update
1st Jun 20092:00 pmRNSTotal Voting Rights
20th May 20092:00 pmRNSDirector/PDMR Shareholding
18th May 20092:00 pmRNSDirector/PDMR Shareholding
7th May 20097:00 amRNSBoard Appointment
1st May 20097:00 amRNSInterim Management Statement
30th Apr 20092:00 pmRNSTotal Voting Rights
14th Apr 20092:00 pmRNSHolding(s) in Company
6th Apr 20092:00 pmRNSAppointment of Broker & Adviser
3rd Mar 20092:00 pmRNSDirector's Share Options
26th Feb 20097:00 amRNSBoard Update
26th Feb 20097:00 amRNSInterim Results
20th Feb 20097:00 amRNSBusiness Expansion in China
5th Feb 200910:17 amRNSNotice of Results
30th Jan 20092:30 pmRNSBlocklisting Six Monthly Return
30th Jan 20092:30 pmRNSTotal Voting Rights
5th Jan 20097:00 amRNSAppointment of Brokers & Advisers
31st Dec 200812:40 pmRNSSecond Price Monitoring Extn
31st Dec 200812:37 pmRNSPrice Monitoring Extension

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.