Genus (GNS)

Sector:

Pharma and Biotech

Index:

FTSE 250

1,860.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 2,568.00
  • 52 Week Low: 1,637.00
  • Currency: UK Pounds
  • Shares Issued: 66.03m
  • Volume: 829,710
  • Market Cap: £1,228.21m
  • RiskGrade: 128

Genus free to launch rival service as court rules against Sexing Technologies

By Oliver Haill

Date: Monday 03 Apr 2017

LONDON (ShareCast) - (ShareCast News) - Animal genetics specialist Genus has won its litigation case against rival Sexing Technologies' owner Inguran, allowing the UK company to enter the market for the processing of sexed bovine semen.
The court removed various contractual restrictions that had been blocking the way for Genus subsidiary ABS Global to commercially launch the Genus Sexed Semen (GSS) programme.

ABS will now launch GSS to provide its customers and third party bull studs with an alternative service provider and increased competition in the sexed bovine semen processing market.

GSS is a novel technology developed by ABS for sexing bovine semen that focused on fertility outcomes and does not subject the sperm cells to the high pressures and sheer forces of the technology currently in use in the industry.

Following a verdict last August that found Sexing Technologies wilfully maintained monopoly power in the market for sexed bovine semen processing in the US since July 2012, on Friday a Wisconsin court awarded Genus a permanent injunction confirming the jury verdict.

The court has now prevented Sexing Technologies from enforcing certain research, marketing and non-compete restrictions under the 2012 Semen Sorting Agreement it has with ABS.

Other bull studs in the US are also now permitted to terminate their Sexing Technologies sexed semen processing agreements on 12 months' notice, without damage or penalty.

The injunction will remain in force for five years and Sexing Technologies is required by the court to give prompt written notice of the court's decision to the other bull studs.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Genus Market Data

Currency UK Pounds
Share Price 1,860.00p
Change Today -8.00p
% Change -0.43 %
52 Week High 2,568.00
52 Week Low 1,637.00
Volume 829,710
Shares Issued 66.03m
Market Cap £1,228.21m
RiskGrade 128

Genus Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.04% below the market average96.04% below the market average96.04% below the market average96.04% below the market average96.04% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
53.64% below the market average53.64% below the market average53.64% below the market average53.64% below the market average53.64% below the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average
Income
86.4% below the market average86.4% below the market average86.4% below the market average86.4% below the market average86.4% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
67.9% below the market average67.9% below the market average67.9% below the market average67.9% below the market average67.9% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Genus Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Feb-24 09-Nov-23
Paid 28-Mar-24 08-Dec-23
Amount 10.30p 21.70p

Trades for 14-May-2024

Time Volume / Share Price
16:35 26,212 @ 1,860.00p
16:35 52 @ 1,860.00p
16:35 364 @ 1,860.00p
16:35 364 @ 1,860.00p
16:35 62 @ 1,860.00p

Genus Key Personnel

CFO Alison Henriksen
CEO Jorgen Kokke

Top of Page