Oxford Nanopore Technologies (ONT)

Down
Share Price:
122.00p
Market Cap:
£1,189.94m
Change Today:
-4.10p
Sector:
Pharma and Biotech

Oxford Nanopore files US subpoena application

By Iain Gilbert

Date: Tuesday 10 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Nanopore sequencing products company Oxford Nanopore Technologies has filed an application in the US District Court for the Northern District of California for leave to serve subpoenas in support of a lawsuit it intends to file in the courts of England and Wales.
Oxford Nanopore said it filed an ex parte application that would allow it to serve Complete Genomics, Innomics, MGI Americas and others for breach of contractual obligations, claims for breach of common law obligations of confidence, breach of duties under the Trade Secrets Regulations 2018, and an entitlement claim to a license of certain patents. 

Additionally, while not commenting on future litigation, Oxford Nanopore added that it does not believe BGI Tech Solutions' nanopore-based sequencing technology would be able to be used in commercial products around the world without infringing or misappropriating its own "substantial portfolio of proprietary rights".

As of 1005 BST, Oxford Nanopore shares were untraded at 144.10p.









Reporting by Iain Gilbert at Sharecast.com

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ONT Market Data

Currency UK Pounds
Price 122.00p
Change Today -4.10p
52 Week High 212.40p
52 Week Low 105.40p
Volume 872,706
Shares Issued 975.36m
Market Cap £1,189.94m

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