Genetic Technologies Settles Lawsuits With Covance And Nuvelo

Law360, New York (November 18, 2003, 12:00 AM EST) -- Two out of the three law suits filed by Australia's Genetic Technologies against U.S. biotechnology companies were settled in the United States last week, the company said in a statement.

Genetic Technologies said it settled its disputes with Nuvelo Inc. and Covance Inc., but gave no details of the terms of the agreement.

GTG remains in dispute with Applera Corporation, the parent company of Applied Biosystems, Celera Genomics and Celera Diagnostics.

Genetic Technologies sued the three major listed U.S. biotechnology companies in the U.S. District Court...
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