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SYDNEY - Oxford Nanopore Technologies plc (LSE:ONT) has initiated legal proceedings against MGI Australia Pty Ltd. in the Federal Court of Australia, according to a company press release issued Wednesday.
The lawsuit alleges that MGI Australia has infringed four of Oxford Nanopore’s Australian patents following MGI’s launch of its "Cyclone SEQ WT-02" product in the Australian market.
Oxford Nanopore, which develops molecular sensing technology based on nanopores, stated that the decision to commence legal action was made after careful consideration and reflects the company’s efforts to protect its intellectual property.
The company noted that its sensing platform is widely used across research and applied sectors in Australia, and that protecting its intellectual property ensures continued investment in new technologies for customers and partners.
Oxford Nanopore said its innovations have generated substantial proprietary intellectual property that is protected by patents granted in the United States, Europe, Australia, and other jurisdictions.
The British company emphasized that throughout the legal proceedings, its primary focus will remain on its customers, operations, and partners.
No financial details regarding the lawsuit or potential damages were disclosed in the announcement.
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