litigation
confidence high
sentiment positive
materiality 0.85
Jury awards Finch $25M upfront plus royalties in patent infringement verdict against Ferring
Finch Therapeutics Group, Inc.
- Jury found Ferring willfully infringed on Finch/UMN patents for microbiome therapy Rebyota.
- Damages include $25.0M upfront payment and $0.815M in running royalties through trial date.
- Two claims (one from '309, one from '080 patents) were found invalid; remaining claims valid.
- Finch expects Ferring to file post-trial motions and appeal the judgment.
- Trial began Aug 5, 2024; verdict rendered Aug 9, 2024 in U.S. District Court for Delaware.