https://www.law.com/texaslawyer/2024/01/17/57m-austin-verdict-biotech-defendant-considers-loss-a-win/
“The fact that the jury awarded only a small fraction of Ravgen’s damages claim—less than 15%—and rejected their willfulness claim is an indication that the jury correctly viewed Ravgen’s case as a huge overreach,” lead defense attorney Michael Summersgill said.
January 17, 2024 at 02:25 PM
3 minute read
What You Need to Know
- Ravgen Inc. was awarded $57 million in a patent infringement trial in the Western District of Texas.
- The defendant, Austin-based Natera Inc. was able to convince the jury it did not act willfully.
- Ravgen was demanding $410 million to settle the cases.
A Maryland biotech company was awarded $57 million in a patent infringement trial, but counsel for the Austin-based defendant considers their loss a win considering what the plaintiff requested.
Ravgen Inc. sued Natera Inc. in 2020 for allegedly infringing on one of its patents.
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