BIO-TECHNE FILES PATENT INFRINGEMENT LAWSUIT AGAINST MOLECULAR INSTRUMENTS

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

News Market Reaction – TECH

The recorded move for TECH in the trading session of this news was +1.42%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

04/23/2024 - 07:00 AM EDT

Bio-Techne enforces intellectual property for gold standard RNAscope® ISH technology in spatial biology research and clinical applications.

MINNEAPOLIS, April 23, 2024 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH), a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities, today announced that it has taken legal action in the Unified Patent Court in Europe to halt the infringement of its patented RNAscope® ISH technology by Molecular Instruments, Inc.

Bio-Techne, under its Advanced Cell Diagnostics (ACD) brand, owns patents covering numerous features of its RNAscope technology. Bio-Techne is a pioneer in spatial biology, with its broad portfolio of over 50,000 unique RNAscope in situ hybridization (ISH) probes across over 400 species offering its biopharma and academic customers best-in-class single-molecule sensitivity with unrivaled specificity at subcellular resolution. RNAscope is the most referenced technology in the industry, with its rapidly growing portfolio of peer-reviewed publications recently surpassing 10,000.

In its lawsuit filed in the Unified Patent Court (a pan-European forum for resolving patent disputes), in the Netherlands Local Division of the Court of First Instance in The Hague, Bio-Techne alleges that Molecular Instruments' HCR 3.0 technology infringes ACD's European Patents 1,910,572 and 2,500,439. The lawsuit seeks damages and injunctive relief requiring Molecular Instruments to stop infringing ACD's patents in key European markets.

"Bio-Techne has made substantial investments to become the global leader in the rapidly growing spatial biology industry, including the development and application of its RNAscope technology as well as the acquisition of Lunaphore, which added the fully automated, high-throughput, hyperplex COMET platform to the portfolio," said Kim Kelderman, President and Chief Executive Officer of Bio-Techne. "We will continue to diligently monitor the spatial biology industry, as well as all of the areas where we operate, for violators of our intellectual property and vigorously defend our position against any potential offenders."

About Bio-Techne Corporation (NASDAQ: TECH)
Contact: David Clair, Vice President, Investor Relations & Corporate Development
david.clair@bio-techne.com
612-656-441