VirnetX higher after USPTO denies Apple patent review petitions

|About: VirnetX Holding Corporation (VHC)|By:, SA News Editor

The USPTO has denied seven petitions from Apple that sought the review of certain claims within four VirnetX (VHC +2.1%) patents. The agency claims Apple's petitions weren't filed within the time limit for a review. (PR)

VirnetX obtained a $368M jury verdict a year ago for an IP suit filed against Apple related to VPN patents, and is still battling with the tech giant over royalty rates. Apple has developed a FaceTime workaround to avoid using a VirnetX patent, but it comes at a cost.