Less Ads, More Data, More Tools Register for FREE

Pin to quick picksYGEN.L Regulatory News (YGEN)

  • There is currently no data for YGEN

Litigation Update

3 Jul 2017 07:00

RNS Number : 8084J
Premaitha Health PLC
03 July 2017
 

Premaitha Health PLC

("Premaitha" or the "Company")

 

Litigation Update

 

Manchester, UK - 3 July 2017: Premaitha Health PLC (AIM: NIPT), a leading international molecular diagnostics group focused on non-invasive prenatal testing ("NIPT"), provides the following update on the legal proceedings in connection with patent infringement suits filed by Illumina, Inc. and others (together the "Claimants"). The patents in issue in these proceedings fall into three families: European Patent (UK) 0 994 963; European Patent (UK) 1 981 995 and its divisional, European Patent (UK) 2 385 143; and European Patent (UK) 2 183 693 and its divisional, European Patent (UK) 2 514 842.

 

The trial will commence in the Patents Court, one of the specialist courts of the High Court of Justice of England and Wales (the "Court") on 4 July 2017 and is expected to last approximately three weeks. The trial will focus on a complex variety of interconnected patent claims and will involve testimony from a series of renowned experts in their respective fields. As part of its defence, Premaitha is seeking declarations from the Court that certain new processes which Premaitha is developing would not infringe the patents in suit. The first-instance judgment is expected to be handed down in the autumn, after which both Premaitha and the Claimants may be entitled to appeal.

 

Dr Stephen Little, CEO of Premaitha, commented:

 

"The matters which are the subject of the trial commencing this week have been a distraction to Premaitha and to its customers. I am therefore pleased that proceedings will shortly be underway.  Despite the actions taken by Illumina in bringing these claims, Premaitha has continued to provide a high-quality service to an ever increasing and geographically diverse global customer base. We are determined that women should not be denied choice and access to high quality localised screening, which Premaitha's products provide. We are confident of our position and in the meantime we continue our strategy of geographic and product diversification to mitigate the risks of the UK actions."

 

For more information, please contact:

 

Premaitha Health plc

Tel: +44 (0) 161 667 6865

Dr Stephen Little, Chief Executive Office

 

Barry Hextall, Chief Financial Officer

Joanne Cross, Head of Marketing

 

investors@premaitha.com

 

 

 

Cairn Financial Advisers LLP (Nomad)

Tel: +44 (0) 20 7213 0880

Liam Murray / James Caithie

 

 

 

finnCap (Broker)

Tel: +44 (0) 20 7220 0500

Adrian Hargrave / Scott Mathieson (Corporate Finance)

 

Tony Quirke (Corporate Broking)

 

 

 

Vigo Communications

Tel: +44 (0) 20 7830 9700

Ben Simons / Fiona Henson / Antonia Pollock

 

premaitha@vigocomms.com

 

 

About Premaitha

 

Premaitha is an international molecular diagnostics group which uses the latest advances in DNA analysis technology to develop safer, faster and regulatory approved genetic screening tests. The Group's primary focus is on non-invasive prenatal tests (NIPT) for pregnant women - an emerging, multi-billion dollar global market.

 

Premaitha's IONA® test was launched in 2015 as the first CE-IVD NIPT test in Europe. It enables laboratories and healthcare practitioners to offer a complete CE-marked NIPT system in-house. The IONA® test is performed on a maternal blood sample - which contains traces of placental DNA - and estimates the risk of a fetus being affected with Down's syndrome or other genetic conditions.

 

Unlike existing prenatal screening methods, due to its high level of accuracy, the IONA® test can significantly reduce the number of women subjected to unnecessary invasive follow up diagnostic procedures, such as amniocentesis, which are costly, resource intensive and carry a risk of miscarriage.

 

In March 2017, Premaitha acquired Yourgene Bioscience, a specialist next generation sequencing and bioinformatics company based in Taiwan, with its own NIPT screening test that operates on the same Thermo Fisher next-generation sequencing platform as Premaitha's IONA® test. Yourgene brings significant benefits to the Group through expanded market access in Asia - the world's fastest growing NIPT market - as well as opportunities for cross-selling and the ability to jointly develop expanded test content both within NIPT and beyond.

 

Premaitha is headquartered in Manchester, England, with Yourgene offices in Taipei and Singapore. Its shares trade on the AIM market of the London Stock Exchange (AIM: NIPT). For further information, please visit www.premaitha.com. Follow us on twitter @PremaithaHealth.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDMGFVKGZGNZM
Date   Source Headline
18th May 20114:57 pmRNSExercise of Options & TVR
7th Apr 20118:00 amRNSNew Contract
4th Apr 20117:00 amRNSTrading Update
17th Feb 20114:09 pmRNSExercise of Options and TVR
25th Jan 20117:00 amRNSPlacing to raise £1.25 million
20th Jan 20117:00 amRNSTrading Update
4th Jan 20117:00 amRNSBusiness Update
31st Dec 20107:00 amRNSHalf Yearly Report
17th Nov 20109:15 amRNSTrading Statement
18th Oct 201010:39 amRNSResult of AGM
11th Oct 20107:00 amRNSEnters Offshore Arena with Global Energy Major
20th Sep 20107:00 amRNSFinal Results
14th Sep 20104:30 pmRNSHolding(s) in Company
16th Aug 201012:22 pmRNSExercise of Options & TVR
12th Aug 20107:00 amRNSVialogy Signs Supermajor Contract
12th Jul 20107:00 amRNSGrant of Options
1st Jul 20107:00 amRNSBusiness Update
28th May 20107:00 amRNSTrading Statement
28th Apr 20101:48 pmRNSExercise of Options & TVR
26th Apr 20101:26 pmRNSIssue of Equity & TVR
20th Apr 201011:30 amRNSDirectorate Change
7th Apr 20107:00 amRNSTRADING UPDATE
10th Mar 20107:00 amRNSContract Win
26th Feb 20107:00 amRNSPlacing to raise ?2.9 million
17th Feb 20107:41 amRNSIndependent Analysis of Permian Well results
10th Feb 20102:14 pmRNSExercise of Options/TVR
10th Feb 20107:00 amRNSNEW PERMIAN BASIN WOLFCAMP WELL
3rd Feb 201010:58 amRNSAdditional Listing
29th Jan 201010:08 amRNSExercise of Options & TVR
25th Jan 20101:19 pmRNSExercise of Options
21st Jan 20107:00 amRNSTrading Statement
19th Jan 201011:25 amRNSExercise of Options & TVR
5th Jan 20109:00 amRNSTrading Statement
31st Dec 20097:00 amRNSHalf Yearly Report
15th Dec 200910:41 amRNSExercise of Options & TVR
29th Oct 20093:00 pmRNSGrant of Options
28th Oct 200910:14 amRNSResult of AGM
28th Sep 20097:05 amRNSTrading Update
28th Sep 20097:00 amRNSFinal Results
2nd Sep 20092:39 pmRNSHolding(s) in Company
25th Aug 20092:02 pmRNSExercise of Options and TVR
24th Aug 20095:00 pmRNSHolding(s) in Company
18th Aug 20097:00 amRNSIssue of Equity
14th Aug 200910:47 amRNSHolding(s) in Company
7th Aug 20099:22 amRNSExercise of Options & TVR
23rd Jul 200910:21 amRNSHolding(s) in Company
21st Jul 20099:21 amRNSContract Win
20th Jul 20091:12 pmRNSHolding(s) in Company
17th Jul 20097:00 amRNSAppointment of Broker
15th Jul 20098:42 amRNSContract Win

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.