Genus (GNS)

Sector:

Pharma and Biotech

Index:

FTSE 250

1,864.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 2,568.00
  • 52 Week Low: 1,637.00
  • Currency: UK Pounds
  • Shares Issued: 66.03m
  • Volume: 27,713
  • Market Cap: £1,230.85m
  • RiskGrade: 128

Genus technology ruled to be in breach of three US patents

By Duncan Ferris

Date: Tuesday 10 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Genus confirmed on Tuesday that a US court had ruled that its sexing semen technology infringed three patents asserted by Inguran, LLC and Cytonome/ST.
The verdit from a jury at the US District Court for the Western District of Wisconsin confirms that ABS Global, which sells the technology under the IntelliGen brand, will have to pay a royalty of $1.25 for each straw of sexed semen produced in the US because of one of the infringements.

The jury are now considering damages that flow from the infringement of the two other patents, which will be retrospective only as ABS has now modified the technology to avoid continued infringement.

The long-running dispute stems back to 2014, when the court found that that Inguran and Cytonome had wilfully maintained an illegal monopoly in the US market for sexed bovine semen processing, but also ruled that ABS had infringed US patent number 8,206,987.

A second litigation in 2017 alleged that ABS' IntelliGen technology infringed seven patents and asserted trade secret and breach of contract claims, though ABS then invalidated or demonstrated non-infringement of five of the seven patents and dismissed the trade secret and breach of contract claims.

The FTSE 250-listed company said its ABS division will continue to expand and commercialise its IntelliGen technology, providing customers with an alternative service provider, increased competition and improved fertility outcomes.

Genus shares down 0.28% at 2,822.00p at 1034 BST.

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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 1,864.00p
Change Today -4.00p
% Change -0.21 %
52 Week High 2,568.00
52 Week Low 1,637.00
Volume 27,713
Shares Issued 66.03m
Market Cap £1,230.85m
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
10:41 90 @ 1,864.00p
10:41 42 @ 1,864.00p
10:40 111 @ 1,866.64p
10:38 255 @ 1,864.00p
10:33 943 @ 1,864.00p

Genus Key Personnel

CFO Alison Henriksen
CEO Jorgen Kokke

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