Pacific Biosciences Settles PGI Patent Litigation in $23M Deal

Reuters03-07

Pacific Biosciences Settles PGI Patent Litigation in $23M Deal

Pacific Biosciences of California Inc. said it has agreed to a binding term sheet with Personal Genomics of Taiwan to settle their litigation, including a worldwide, royalty-free, non-exclusive patent license and a five-and-a-half-year covenant not to sue. The deal calls for fixed payments totaling $23 million through 2029, with potential additional payments in 2027 tied to 2026 revenue targets, and will dismiss all claims and counterclaims between the parties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Biosciences of California Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001299130-26-000053), on March 06, 2026, and is solely responsible for the information contained therein.

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