Illumina Settles BGI Patent Battles For $325M

The settlement resolves a total of eight lawsuits between the companies on genetic sequencing technology and alleged antitrust violations.

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Genetic sequencing firm Illumina, Inc. has agreed to pay $325m to rival BGI, putting an end to multiple intellectual property suits that had been pending between the two companies. The resolution was announced in a 14 July filing with the US Securities and Exchange Commission.

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