Genetic Technologies hires PatentBridge to expand licensing of non-coding patents

By E. Janene Geiss

Philadelphia, Jan. 27 - Genetic Technologies Ltd. said Friday that it appointed PatentBridge LLC to help rapidly expand its licensing program in the United States.

The appointment follows the settlement of all past lawsuits that challenged the company's non-coding patents, according to a company news release.

Genetic Technologies said it has prevailed in six out of six lawsuits involving its non-coding patents. Currently, the company is not facing any new patent challenges, officials said.

Genetic Technologies said it is now actively expanding its global licensing program through the recruitment of licensing resources and legal support teams in Australia, North America, Europe and Asia.

The hiring of PatentBridge is the first step and the company said it plans to make further appointments in the United States, Europe and the Asia Pacific region.

Genetic Technologies' non-coding patents have now been issued in all 24 countries in which they were originally filed. The company has issued 29 licenses. Of these, 24 are to commercial entities for a total value of about $53 million.

PatentBridge is a patent licensing company based in Menlo Park, Calif., that specializes in representing patents of scientific or industrial breakthroughs.

Genetic Technologies is a Victoria, Australia, life science company, specializing in genetics and genomics.

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