Guardant Health shares are trading lower. The company said it intends to appeal yesterday's verdict in the U.S. District Court for the District of Delaware related to intellectual property claims brought by TwinStrand Biosciences University of Washington.
Portfolio Pulse from Benzinga Newsdesk
Guardant Health's stock is trading lower following the company's announcement of its intention to appeal a recent verdict in a U.S. District Court case regarding intellectual property claims made by TwinStrand Biosciences and the University of Washington.
November 15, 2023 | 5:13 pm
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Guardant Health's stock price is experiencing a downturn due to the announcement of its intention to appeal a court verdict related to intellectual property claims, which may raise concerns about potential legal costs and outcomes.
The stock is trading lower as the market reacts to the uncertainty and potential financial impact of the ongoing legal battle. The appeal process can be lengthy and costly, and there is no guarantee of a favorable outcome for Guardant Health, which could negatively affect the company's financial position and market perception.
CONFIDENCE 85
IMPORTANCE 75
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