Shares in biotechnology company Ciphergen Biosystems Inc. fell Friday after it agreed to pay $600,000 to Health Discovery Corp. to settle a patent infringement case. Under the terms of the agreement, Ciphergen will pay Savannah, Ga.-based Health Discovery and receive a non-exclusive license to use its support vector machines, Health Discovery said. Fremont, Calif.-based Ciphergen also dropped all counterclaims against HDC, a biomarker discovery company. Biomarkers act as the signals that stem cells give off when exposed to a certain drug or disease.

Posted by GEN-ERIC at 12:00:53 am into the following categories: In The News

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