Roche to Pay Enzo $21 Million to Settle Patent Infringement Suit

Date : 02/12/2019 @ 3:51AM
Source : Dow Jones News
Stock : Roche Holding (QX) (RHHBY)
Quote : 34.0  0.25 (0.74%) @ 4:10AM
Roche Holding (QX) share price Chart

Roche to Pay Enzo $21 Million to Settle Patent Infringement Suit

Roche Holding (QX) (USOTC:RHHBY)
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   By Patrick Thomas 
 

Roche Holdings Ltd. (RHHBY) will pay $21 million patent infringement settlement to Enzo Biochem Inc., Enzo said in a filing with the U.S. Securities and Exchange Commission Monday.

In its 2012 lawsuit, Enzo, a biotechnology company, said that Roche sold certain nucleic acid products in the U.S. used for genetic testing for diseases. The settlement, agreed on by the companies last week, involves several of Roche Holdings' subsidiaries, Roche Diagnostics GmbH and Roche Molecular Systems that make medical equipment.

Enzo said in the filing that this settlement doesn't affect its civil action for patent infringement against Roche in the U.S. District Court for the State of Delaware.

Representatives from Enzo and Roche couldn't be immediately reached for comment.

 

Write to Patrick Thomas at patrick.thomas@wsj.com

 

(END) Dow Jones Newswires

February 11, 2019 14:36 ET (19:36 GMT)

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