Aurora Cannabis And Willow Biosciences Resolve Patent Clash
Portfolio Pulse from Jelena Martinovic
Aurora Cannabis Inc. (NASDAQ:ACB) (TSX:ACB) and Willow Biosciences Inc. (OTCQB:CANSF) (TSX:WLLW) have resolved their ongoing patent litigation through a confidential settlement. Aurora had accused Willow of infringing on its exclusive rights to patents co-owned by the University of Saskatchewan and the National Research Council. The patents in question were related to the biosynthetic process for synthesizing cannabinoids. Aurora's shares traded 0.8728% higher following the announcement.
October 24, 2023 | 2:59 pm
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POSITIVE IMPACT
Aurora Cannabis has resolved its patent litigation with Willow Biosciences, which could potentially remove a legal hurdle and provide a more stable environment for the company's operations.
The resolution of the patent litigation removes a potential legal risk for Aurora Cannabis. This could lead to a more stable operational environment for the company, which could be positive for its stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Willow Biosciences has resolved its patent litigation with Aurora Cannabis, which could potentially remove a legal hurdle and provide a more stable environment for the company's operations.
The resolution of the patent litigation removes a potential legal risk for Willow Biosciences. This could lead to a more stable operational environment for the company, which could be positive for its stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100