From March to September 2016 the team is joined by Guest Kats Emma Perot and Mike Mireles.

From April to September 2016 the team is also joined by InternKats Eleanor Wilson and Nick Smallwood.

Thursday, 2 February 2006


Here’s some Kitty Litter – but this time with consequences. Businessweek reports that Lehman Brothers issued a research note concerning a Dutch patent case between Angiotech and Biosensors International Group. Angiotech is suing Biosensors for patent infringement in Holland, alleging that Biosensors has infringed its patent through selling an Axxion-coated stent. Biosensors then issued a press release stating that a Dutch judge had found that its stent didn’t infringe the Angiotech patent.

As a result, Lehman issued a research note on Angiotech’s competitior Conor Medsystems Inc. This note said that "the fact that Biosensors was able to prove non-infringement with a paclitaxel stent increases the likelihood of a positive outcome" for Conor. Conor appears to have challenged the validity of Angiotech's patents for using paclitaxel to coat stents.

In fact, the Dutch court had only issued a preliminary injunction and the case has not yet gone to full trial. This caused Lehman Brothers to issue an embarrassing climb-down stating:

"After clarifying the ruling, it appears to be much less of a positive for (Conor) and much less of a negative for (Angiotech) than we originally thought suggesting today's trading in both names may be over-reactions."
The misinformation appears to have been at least partially responsible for Angiotech shares reaching a 51-week low and Conor shares reaching a 52-week high yesterday afternoon.

The IPKat says that it pays to know your basic civil procedure, not to mention IP law.

No comments:

Subscribe to the IPKat's posts by email here

Just pop your email address into the box and click 'Subscribe':