SOURCE: Genetic Technologies

Genetic Technologies

October 15, 2012 05:15 ET

Genetic Technologies Files Patent Infringement Suits Against Multiple Alleged Infringers in USA

MELBOURNE, AUSTRALIA--(Marketwire - Oct 15, 2012) - Genetic Technologies Limited (ASX: GTG) (NASDAQ: GENE) advises that, in conjunction with its assertion partner Sheridan Ross P.C., the Company has filed patent infringement suits in respect of its non-coding DNA technologies against the following entities in the following jurisdictions:

  • Genesis Genetics Institute, L.L.C.
    (filed in United States District Court for the Eastern District of Michigan Southern Division);

  • Genetics & IVF Institute Inc.
    (filed in United States District Court for the Eastern District of Virginia);

  • Reprogenetics L.L.C.
    (filed in United States District Court for the District of New Jersey); and

  • Medical Diagnostic Laboratories L.L.C.
    (filed in United States District Court for the District of New Jersey).

Further details will be released to the Market as appropriate.

About BREVAGen™

The BREVAGen™ breast cancer risk stratification test is a novel genetic test panel that examines a patient's DNA to detect the absence or presence of certain common genetic variations (SNPs) associated with an increased risk for developing breast cancer. The test is designed to help physicians assess aggregate breast cancer risk from these genetic markers, plus factors from a standard clinical assessment based on a patient's family and personal history, thus giving a clearer picture of an individual woman's risk of developing breast cancer. The BREVAGen™ test may be especially useful for women predisposed to hormone dependant breast cancer, including those who have undergone breast biopsies, as the test will provide information that can help physicians recommend alternative courses of action, such as more vigilant, targeted surveillance or preventive therapy, on a personalized patient-by-patient basis. For more information, please visit http://www.brevagen.com, or http://www.brevagen.com.au

About Genetic Technologies Limited

Genetic Technologies is an established diagnostics company with more than 20 years of experience in commercializing genetic testing, non-coding DNA and product patenting. The Company has operations in Australia and the U.S. and is dual-listed on the ASX (GTG.AX) and NASDAQ (GENE). Genetic Technologies is focused on the commercialization of its patent portfolio through an active out-licensing program and the global expansion of its oncology and cancer management diagnostics assets. Its U.S. subsidiary, Phenogen Sciences, offers novel predictive testing and assessment tools to help physicians proactively manage women's health. Phenogen's lead product, BREVAGen™, is a first in class, clinically validated risk assessment test for non-familial breast cancer. For more information, please visit http://www.gtglabs.com, http://www.phenogensciences.com.

Safe Harbor Statement

Any statements in this press release that relate to the Company's expectations are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees. Since this information may involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. Additional risks associated with Genetic Technologies' business can be found in its periodic filings with the SEC.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT
    Dr. Paul D.R. MacLeman
    Chief Executive Officer
    Genetic Technologies Limited
    Phone: +61 3 8412 7000

    Rudi Michelson (Australia)
    Monsoon Communications
    +61 3 9620 3333

    Laura Landry (USA)
    Blueprint Life Science Group
    +1 (415) 375.3340 Ext. 102