Myriad Genetics (MYGN): The Fight Continues

Today, Myriad Genetics (MYGN) disclosed that it, along with three other assignees (the University of Utah, the University of Pennsylvania and the Hospital for Sick Children, Endorecherche), had filed a patent infringement lawsuit in the United States District Court for the District of Utah against Ambry Genetics.

The suit alleges that Ambry violated up to ten patents owned or licensed by the patent owners relating to Myriad’s methods of testing for the BRCA1 and the BRCA2 gene mutations. As part of the lawsuit, the patent owners are seeking a preliminary injunction to prevent Ambry from selling services that use the intellectual property protected by the patents, including Ambry’s BRCAplus, BreastNext, OvaNext and CancerNext tests. The patent owners also are seeking damages up to threefold the amount of any profits lost as a result of a finding that Ambry’s infringement is willful.

Disclosure: I own shares of MYGN.

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