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Those patents werent part of the Delaware case. The stock closed Friday up 7.4 percent at $233.56 on the Nasdaq exchange. Accept all The doctor has been at the forefront of next-generation sequencing, having created the first-generation sequencing method, Bilsker said in a statement. An Illumina spokesperson said the company plans to appeal and that the verdict should not affect its ability to supply its customers. 6,730,777 and 6,984,487 licensed from The Regents of the University of Michigan and the HSC Research Development Limited Partnership. The above analysis relies on the fact that the COGS of competitors is probably going to be similar to Illumina. or You can find more information about the use of your data in our privacy policy. Orrick denied Illumina's motions for attorneys' fees and enhanced damages but upheld a finding of willful infringement and awarded Illumina prejudgment interest at the prime lending rate, compounded quarterly. So if these new players provide effective competition (which they should as the technology is basically the same) I expect there to be general downward pressure on consumable pricing, and well see margins go down from 10x COGS. Patents Assigned to Illumina - Justia Patents Search For specific trademark information, see www.illumina.com/company/legal.html. Please see our Privacy Policy. 2023 Illumina, Inc. All rights reserved. Then theyll let other players take the low end of the market and try and keep the high end where margins are higher (and users are willing to pay for slightly better data quality). by The jury, which started deliberating Thursday afternoon, also found that sequencers sold by BGIs Complete Genomics Inc. infringe two of three Illumina patents, but it said all three shouldnt have been issued in the first place, mooting any potential award, according to the verdict issued in the U.S. District Court for the District of Delaware. Illumina have a number of polymerase patents. Imprint. 7,541,444 (the '444 Patent) and U.S. Patent No. We use My name is Nava Whiteford. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Illumina Wins Patent Infringement Suit against BGI in the UK