September 10, 2018 / 3:08 PM / 2 months ago

U.S. appeals court upholds MIT, Harvard patents on CRISPR gene editing

Sept 10 (Reuters) - A U.S. appeals court on Monday allowed a research center affiliated with the Massachusetts Institute of Technology and Harvard University to keep patents potentially worth billions of dollars on a groundbreaking gene editing technology known as CRISPR.

The U.S. Court of Appeals for the Federal Circuit affirmed the validity of the Harvard and MIT patents, rejecting a challenge brought by a rival team of researchers associated with the University of California at Berkeley and University of Vienna in Austria.

Shares of Cambridge, Massachusetts-based Editas Medicine Inc , a biotechnology company that licenses Harvard and MIT's CRISPR-related patents, rose more than three percent to $31.25 after the ruling. (Reporting by Jan Wolfe Editing by Bill Berkrot)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below