Natera Announced That Jury In US District Court For W. District Of Texas Ruled In Patent Infringement Lawsuit Brought By Ravgen, Awarding $57M In Damages, Below The $410M Sought
Portfolio Pulse from Charles Gross
Natera, Inc. (NASDAQ:NTRA) was ordered to pay $57M in damages in a patent infringement lawsuit brought by Ravgen, Inc., which is significantly lower than the $410M sought by Ravgen. The jury found no willful infringement by Natera, and the patent in question has expired. Natera plans to appeal the verdict and states the decision will not affect its customer service.
January 16, 2024 | 10:20 pm
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Natera was ordered to pay $57M in a patent lawsuit by Ravgen, less than the $410M claimed. The jury found no willful infringement, and the patent has expired. Natera disagrees and will appeal.
The verdict is less damaging than expected, as the $57M award is significantly lower than the $410M sought. The lack of willful infringement and the expiration of the patent suggest limited impact on Natera's operations. The company's intention to appeal may also delay or reduce the financial impact. However, the legal process and associated costs could still weigh on investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100