Court Reconfirms Judgment in IGEN Suit Against Roche
IGEN International, Inc. (Nasdaq: IGEN) announced today that the U.S. District Court for the District of Maryland reaffirmed its final order of judgment in IGEN's case against Roche Diagnostics, a division of F. Hoffmann-La Roche (OTC Bulletin Board: RHHBY). The judgment, which was entered on February 15, 2002, awards IGEN $505 million in damages; confirms the Company's right to terminate the license agreement; and directs and commands Roche to grant to IGEN for use in its retained fields a license to improvements developed by Roche under the agreement, including Roche's Elecsys(R) diagnostics product line.
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Posted on April 15, 2002