The U.S. Supreme Court put new limits on patent royalties, ruling that Thermo Fisher Scientific Inc.’s Life Technologies unit doesn’t owe damages for supplying one component of a patented invention that was put together overseas.
The unanimous ruling Wednesday is a defeat for Promega Corp., which claimed Life Technologies infringed a patent covering genetic testing kits.
The decision reverses a federal appeals court ruling that had said Promega was entitled to damages for infringement of one of five disputed patents. Promega at one point won a $52 million jury verdict in the dispute.
Source: Patent Royalties Curbed as Supreme Court Backs Thermo Fisher – Bloomberg
