Preliminary Injunction Denied in Digene's Case Against Ventana Medical Systems
May 10 2007 - 6:38PM
PR Newswire (US)
GAITHERSBURG, Md., May 10 /PRNewswire-FirstCall/ -- Digene
Corporation (NASDAQ:DIGE) announced today that on May 9, 2007, the
United States District Court for the State of Delaware issued a
ruling on its motion for a preliminary injunction in its ongoing
patent infringement action against Ventana Medical Systems, Inc.
and Beckman Coulter, Inc. In that ruling, the court denied Digene's
motion for a preliminary injunction against Ventana. Daryl
Faulkner, president and chief executive officer of Digene, stated:
"Although we are disappointed with the court's ruling, the denial
of our preliminary injunction request was not unexpected given the
pending expiration of the patents at issue in May and June." In the
ruling, the court noted that there remains a substantial question
as to whether Ventana has a license to the relevant HPV patents.
The litigation is continuing; no trial date has been set. Refer to
the corporation's filings with the Securities and Exchange
Commission for more information about its claim against Ventana and
Beckman Coulter. Digene will continue to vigorously pursue this
litigation. About Digene A leader in molecular diagnostics, Digene
develops, manufactures and markets proprietary DNA and RNA tests,
with a focus on women's health. The company's flagship product, the
Digene(R) HPV Test, is the only FDA-approved and CE-marked test for
the detection of human papillomavirus, the cause of essentially all
cervical cancers. Digene's product portfolio also includes tests
for the detection of other sexually transmitted infections,
including chlamydia and gonorrhea. Digene tests are marketed in
more than 40 countries worldwide. Headquartered in Gaithersburg,
MD, Digene is traded on NASDAQ under the symbol DIGE. For more
information, visit http://www.digene.com/ and
http://www.thehpvtest.com/. Digene(R), Hybrid Capture(R), hc2
High-Risk HPV DNA Test(R) and DNAwithPap(R) are registered
trademarks of Digene Corporation. This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are not guarantees of the future as there are a number
of meaningful factors that could cause the Company's actual results
to vary materially from those indicated by such forward-looking
statements. Meaningful factors, which could cause actual results to
differ from expectations include, but are not limited to, risk that
other companies may develop and market HPV tests competitive with
our own; our ability to scale up our manufacturing to the extent
demand for our products increases; ability to develop new products;
ability to execute and integrate strategic transactions;
uncertainty related to changes in our senior management; and
uncertainty of market acceptance of our products by the worldwide
medical community, as well as other factors discussed in the
Company's Securities and Exchange Commission filings. For other
factors, reference is made to the Company's annual and quarterly
reports filed with the Securities and Exchange Commission.
DATASOURCE: Digene Corporation CONTACT: Albert Fleury, Investor
Relations, +1-301-944-7000, or Pam Rasmussen, +1-301-944-7196, both
of Digene Corporation Web site: http://www.digene.com/
http://www.thehpvtest.com/
Copyright
Digene (NASDAQ:DIGE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Digene (NASDAQ:DIGE)
Historical Stock Chart
From Nov 2023 to Nov 2024