We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Medical Company Sued Over Patent License Breach

Law360 (October 20, 2006, 12:00 AM EDT) -- PreMD Inc., a Toronto-based predictive medicine company, was served with a lawsuit from an inventor and another medical company claiming that PreMD breached a license agreement over intellectual property rights and owes them millions.

Inventor Abulkalam Shamsuddin alleged that PreMD breached a license agreement dating from 1998 over patents he owns, the company said on Friday.

Shamsuddin had granted an exclusive license to PreMD for patents involving part of PreMD’s cancer products, including tests for detecting breast, lung and colorectal cancer.

Shamsuddin transferred his interest in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.