Judge Reverses Last Remaining Aspect Of $7.1M Judgment Vs. Umbilical-Cord Blood Banks

Law360, New York (December 16, 2004, 12:00 AM EST) -- A federal judge in Delaware has reversed the last remaining aspect of a $7.1 million judgment from October 2003 for patent infringement against several of the nation's largest umbilical-cord blood banks.

The decision leaves PharmaStem Therapeutics Inc. with a total loss in the district court and only the option of an appeal to the U.S. Court of Appeals for the Federal Circuit.

In September, U.S. District Court Judge Gregory Sleet of the U.S. District Court for the District of Delaware threw out a jury verdict that...
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