⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Natera wins $19 million US verdict from ArcherDX in cancer-detection patent case

Published 05/15/2023, 04:27 PM
Updated 05/15/2023, 04:36 PM
© Reuters.
NVTAQ
-
NTRA
-

By Blake Brittain

(Reuters) - Genetic testing company Natera (NASDAQ:NTRA) Inc convinced a Delaware federal jury on Monday to award it $19.3 million in damages from Invitae (NYSE:NVTA) Corp's ArcherDX for infringing patents related to cancer detection.

The jury agreed with Natera that biotech company ArcherDX Inc's blood-based DNA tests for detecting and monitoring cancer infringed three of its patents. The award was just over half of the $38 million Natera had requested, according to court documents.

A spokesperson for San Francisco-based Invitae said the company will continue to fight Natera's bid for an injunction blocking the alleged infringement and has "strong confidence in our product portfolio and our freedom to operate."

Austin, Texas-based Natera said in a statement that it was pleased with the verdict.

Natera first sued ArcherDX in 2020. It said in an amended 2021 complaint that several ArcherDX cancer tests violated its patent rights in technology for non-invasive cancer tests that use "cell-free DNA" from a patient's blood.

ArcherDX told U.S. District Judge Gregory Williams during the six-day trial that the patents were invalid and that there was insufficient evidence for a reasonable jury to find that its tests infringed.

The jury said Natera was entitled to $10 million in royalties and $9.3 million in lost profits.

Invitae has separately sued Natera in Delaware federal court, claiming Natera's Signatera cancer tests infringe three of its patents.

© Reuters. Illustrative: A paramedic takes a blood sample for DNA testing in Escuintla, Guatemala June 7, 2018. REUTERS/Luis Echeverria

Invitae bought Boulder, Colorado-based ArcherDX for $1.4 billion in 2020.

The case is Natera Inc v. ArcherDX Inc, U.S. District Court for the District of Delaware, No. 1:20-cv-00125.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.