Legal Proceedings
−Removed: On March 4, 2020, Vytacera Bio, LLC filed a patent infringement lawsuit against us in the U.S.
+Added: On March 4, 2020, Vytacera Bio, LLC (“Vytacera”) filed a patent infringement lawsuit against us in the U.S.
District Court for the District of Delaware.
−Removed: The lawsuit alleges that our use, offers to sell, and/or sales of the PROBODY® technology platform for basic research applications constitutes infringement.
−Removed: The complaint seeks unspecified monetary damages.
−Removed: In September 2022, we filed a motion to dismiss the case and the Court granted the parties’ stipulation to stay all pending case deadlines until that motion is finally resolved.
−Removed: On October 30, 2023, Magistrate Judge Burke issued a Report & Recommendation that recommended granting CytomX’s motion to dismiss all counts of the complaint.
−Removed: In January 2024, the case was transferred to a new Judge and the case will remain stayed pending a ruling by the trial judge on the Magistrate’s Report & Recommendation.
−Removed: We believe that the lawsuit is without merit and intend to vigorously defend ourselves.
−Removed: Accordingly, we cannot reasonably estimate any range of potential future charges, and we have not recorded any accrual for a contingent liability associated with these legal proceedings.
+Added: The lawsuit alleged that our use, offers to sell, and/or sales of the PROBODY ® technology platform for basic research applications constituted infringement.
+Added: The complaint sought unspecified monetary damages.
+Added: In September 2022, we filed a motion to dismiss the case.
+Added: On October 17, 2024, the Court dismissed the case and on October 28, 2024, the Court ordered the case to be closed.
Mine Safety Disclosures
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.