litigation
confidence high
sentiment positive
materiality 0.70
10x Genomics settles patent litigation with Bruker; to receive $68M upfront plus royalties
10x Genomics, Inc.
- Settled all patent litigation with Bruker (formerly NanoString) regarding spatial biology platforms; all claims dismissed with prejudice.
- 10x expects $68M in upfront nonrefundable payments, paid in equal quarterly installments with interest from Q3 2025 to Q2 2026.
- Ongoing royalty payments on licensed products and services for the life of the licensed patents.
- Litigation began in 2021–2022 targeting NanoString's GeoMx and CosMx spatial platforms; Bruker assumed liabilities in May 2024.