Update on legal action against MGI Australia

Summary by AI BETAClose X

Oxford Nanopore Technologies plc has announced a significant development in its Australian patent proceedings against MGI Australia Pty Ltd., where MGI has conceded that its "Cyclone SEQ WT02" product infringes four of Oxford Nanopore's patents, with liability for infringement not in dispute. A trial is scheduled for 2027 to adjudicate MGI's remaining defenses and consider potential damages. Concurrently, Oxford Nanopore has initiated proceedings in the UK High Court against multiple MGI/BGI entities for alleged trade secret infringement, breach of confidence, and breach of contract, underscoring the company's commitment to protecting its intellectual property.

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