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Bayer Cropscience Agreed To Settle A Lawsuit Brought By Calyxt In Delaware Chancery Court


Tuesday, 15 May 2018 

May 15 (Reuters) - Bayer AG ::CALYXT INC - BAYER CROPSCIENCE LP HAS AGREED TO SETTLE A LAWSUIT BROUGHT BY CALYXT IN DELAWARE CHANCERY COURT.CALYXT - UNDER SETTLEMENT, PARTIES AGREED BAYER WILL DESTROY ANY TECHNOLOGY, RELATED PRODUCT AND CONFIDENTIAL INFORMATION COVERED BY LICENSE AGREEMENT.CALYXT INC - SETTLEMENT CONFIRMS BAYER CROPSCIENCE AND ITS SUBSIDIARIES HAVE NO ACCESS TO CALYXT TECHNOLOGY OR INTELLECTUAL PROPERTY.CALYXT INC- UNDER SETTLEMENT, PARTIES AGREED BAYER WILL PERMANENTLY ABANDON PATENT APPLICATIONS BASED ON OR INCLUDE DATA RELATED TO COVERED TECHNOLOGY.CALYXT INC - SETTLEMENT CONFIRMS BAYER AND ITS SUBSIDIARIES HAVE NO ACCESS TO CALYXT TECHNOLOGY OR INTELLECTUAL PROPERTY. 

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