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$57M Austin Verdict: Biotech Defendant Considers Loss a ‘Win’

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Austin Biotech Firm Hit With $57M Verdict, Considers Loss a ‘Win’ | Texas Lawyer
















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https://www.law.com/texaslawyer/2024/01/17/57m-austin-verdict-biotech-defendant-considers-loss-a-win/

Credit: Olivier Le Moal/Adobe Stock

“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

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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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