Oxford Nanopore Technologies (ONT)

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

Oxford Nanopore suing MGI Australia over alleged patent infringements

By Josh White

Date: Wednesday 06 Aug 2025

LONDON (ShareCast) - (Sharecast News) - Oxford Nanopore Technologies announced the launch of legal proceedings against MGI Australia on Wednesday, alleging infringement of four Australian patents, following the release of MGI's 'Cyclone SEQ WT-02' sequencing device in Australia.
The FTSE 250 biotechnology firm said the lawsuit, filed in the Federal Court of Australia, was part of its commitment to protecting the intellectual property underpinning its nanopore-based molecular sensing platform used in research and applied sciences across the region.

"Oxford Nanopore's decision to commence legal proceedings against MGI has been carefully considered and reflects the company's responsibility to protect the intellectual property that underpins its sensing platform," the firm said in a statement.

It emphasised that the legal action would not affect its ongoing operations, customers or partners, and that safeguarding its intellectual property remained vital to supporting continued investment in technological innovation.

The company said its patents were granted in key jurisdictions including the US, Europe, and Australia.

At 1137 BST, shares in Oxford Nanopore Technologies were up 0.14% at 217.31p.

Reporting by Josh White for Sharecast.com.

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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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