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BRIEF-Orasure Technologies announces settlement of litigation with ancestry.comdna
February 6, 2017 / 11:12 AM / 9 months ago

BRIEF-Orasure Technologies announces settlement of litigation with ancestry.comdna

Feb 6 (Reuters) - Orasure Technologies Inc

* Announces settlement of litigation with ancestry.comdna

* Says under a settlement and license agreement executed by parties, ancestry has agreed to pay DNA Genotek a settlement fee of $12.5 million

* In addition, DNA Genotek has granted ancestry a worldwide license to certain patents and patent applications related to collection of DNA in human saliva

* License granted to ancestry is limited to saliva DNA collection kits sold or used as part of ancestry’s genetic testing service offerings

* Says the parties have each agreed to a mutual release of claims and other provisions typical for settlement agreements of this type Source text for Eikon: Further company coverage:

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