Federal Appeals Court Overturns Most of Igen-Roche Decision

A federal appeals court in Richmond, Va., on Wednesday overturned most of the $505 million in damages that Roche Holdings AG had been ordered to pay Igen International in a breach of contract lawsuit. The 4th U.S. Circuit Court of Appeals vacated $486.6 million of the damages a jury awarded Igen in January 2002, but allowed Igen to terminate its licensing agreement for its Origen biological detection technology with Roche.

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