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OraSure subsidiary to receive $12.5M in patent infringement settlement

Feb. 06, 2017 7:31 AM ETOraSure Technologies, Inc. (OSUR) StockOSURBy: Douglas W. House, SA News Editor
  • Ancestry.comDNA and its contract manufacturer Spectrum Solutions have settled a patent infringement and breach of contract lawsuit with OraSure Technologies (NASDAQ:OSUR) subsidiary DNA Genotek for $12.5M.
  • DNA Genotek grants Ancestry a royalty-bearing, non-exclusive, global license to certain patents and patent applications related to the collection of DNA in human saliva. It is limited to saliva DNA collection kits sold or used as part of Ancestry's genetic testing service offerings.
  • Source: The Fly

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