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: 1,692.00
Bid: 1,690.00
Ask: 1,698.00
Change: 26.00 (1.56%)
Spread: 8.00 (0.473%)
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
8th Dec 20084:33 pmRNSDirector/PDMR Shareholding
14th Nov 20084:04 pmRNSHolding(s) in Company
13th Nov 20083:06 pmRNSResult of AGM
13th Nov 20087:00 amRNSAGM & Interim Management Statement
27th Oct 20082:00 pmRNSHolding(s) in Company
17th Oct 20082:00 pmRNSAnnual Information Update
15th Oct 20082:30 pmRNSDirector/PDMR Shareholding
15th Oct 20082:00 pmRNSBoard Update
8th Oct 20084:47 pmRNSDirector/PDMR Shareholding
7th Oct 20082:00 pmRNSHolding(s) in Company
30th Sep 20082:08 pmRNSBlocklisting Interim Review
30th Sep 20082:00 pmRNSTotal Voting Rights
19th Sep 20081:37 pmRNSDirector/PDMR Shareholding
18th Sep 20087:00 amRNSUpdate on Strategy - China
16th Sep 20087:00 amRNSPreliminary Results
31st Jul 20084:00 pmRNSTotal Voting Rights
25th Jul 20084:00 pmRNSBlocklisting Interim Review
16th Jul 20087:00 amRNSPre-Close Trading Update
14th Jul 20082:00 pmRNSHolding(s) in Company
30th Jun 20084:30 pmRNSTotal Voting Rights
30th May 20084:00 pmRNSTotal Voting Rights
28th May 200812:06 pmRNSMerger Update
19th May 20083:51 pmRNSDirector/PDMR Shareholding
14th May 20084:00 pmRNSMerger Update
30th Apr 20084:00 pmRNSTotal Voting Rights
29th Apr 20087:00 amRNSInterim Management Statement
10th Apr 20084:45 pmRNSDirector/PDMR Shareholding
2nd Apr 200812:00 pmRNSMerger Update
1st Apr 20085:33 pmRNSDirector/PDMR Shareholding
31st Mar 20084:00 pmRNSTotal Voting Rights
31st Mar 20084:00 pmRNSBlocklisting Interim Review
20th Mar 20082:08 pmRNSHolding(s) in Company
17th Mar 20083:21 pmRNSHolding(s) in Company
13th Mar 20082:00 pmRNSHolding(s) in Company
29th Feb 20082:00 pmRNSTotal Voting Rights
27th Feb 20085:02 pmRNSDirector/PDMR Shareholding
26th Feb 20084:54 pmRNSDirector/PDMR Shareholding
26th Feb 20087:00 amRNSInterim Results
22nd Feb 200811:56 amRNSHolding(s) in Company
31st Jan 20082:00 pmRNSBlocklisting Interim Review
17th Jan 20087:00 amRNSBoard Changes
15th Jan 20088:00 amRNSDisposal
15th Jan 20088:00 amRNS1st dealings on AIM
14th Jan 20085:40 pmRNSHolding(s) in Company
9th Jan 200811:00 amRNSAppointment of New Adviser
2nd Jan 20083:15 pmRNSTotal Voting Rights
30th Nov 20078:00 amRNSTotal Voting Rights
27th Nov 20077:01 amRNSDisposal
15th Nov 20073:39 pmRNSResult of AGM
15th Nov 20077:01 amRNSAGM Statement

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.