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STGN Stratagene Corp (MM)

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Stratagene Corp (MM) NASDAQ:STGN NASDAQ Common Stock
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Stratagene Settles Litigation and Strengthens Patent Portfolio; Recent Settlement Expands Patent Portfolio for Polymerases and

16/05/2006 11:00am

Business Wire


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Stratagene Corporation (Nasdaq:STGN), a developer, manufacturer and marketer of specialized life science research and diagnostic products, has recently settled litigation and significantly strengthened its patent portfolio pertaining to proprietary enzyme blends. "We are very pleased with the outcome of our settlement agreement with Takara Bio Inc. as it significantly strengthens our patent position in PCR technology," said Joseph A. Sorge, M.D., President and CEO of Stratagene. "We believe that there are a number of competitors selling products that are covered under our patent portfolio. It is our intention to make limited licenses available and recognize resulting licensing revenue. We believe that the opportunities created by this settlement illustrate the inherent value of our intellectual property and our investment in protecting our proprietary technology." On May 11, 2006, Stratagene announced that it had entered into a definitive settlement agreement with Takara Bio Inc. to resolve the companies' patent disputes in the field of enzyme blends that are widely used in polymerase chain reaction (PCR) technology. PCR technology allows users to amplify a small amount of DNA, making analysis much easier and is commonly used in both research and molecular diagnostics, including the detection of diseases such as cancer, heart disease, AIDS, viral hepatitis, and other infectious diseases, as well as paternity and forensic testing. As a result of the settlement, all pending patent litigation in the U.S. District Court for the District of Maryland and actual and potential patent interference proceedings in the U.S. Patent & Trademark Office have been resolved. Potential disputes in the future will be avoided through cross-licenses of the parties' respective patent rights relating to enzyme blends. Stratagene will now own a broad U.S. patent portfolio covering its proprietary enzyme blends. Stratagene will seek to establish a licensing program for competitors' products covered by its broad portfolio. About Stratagene Corporation Stratagene is a developer, marketer and manufacturer of specialized life science research and diagnostic products. The Company's life science research unit supports advances in science by inventing, manufacturing and distributing products that simplify, accelerate and improve research. These products are used throughout the academic, industrial and government research sectors in fields spanning molecular biology, genomics, proteomics, drug discovery and toxicology. The Company's diagnostic unit develops and manufactures products for urinalysis, and high quality automated instrument and reagent systems that use blood samples to test for more than 1,000 different allergies and autoimmune disorders. In addition, by combining its expertise in diagnostics and molecular biology, as well as its experience with FDA regulatory procedures, the Company is pursuing opportunities to expand its product portfolio to include molecular diagnostic kits and instrumentation. More information is available at www.stratagene.com. Safe Harbor Statement Certain statements in this news release that are not historical fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements. Stratagene generally identifies forward-looking statements by using words like "believe," "intend," "target," "expect," "estimate," "may," "should," "plan," "project," "contemplate," "anticipate," "predict" or similar expressions. You can also identify forward-looking statements by discussions of strategies, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results of Stratagene to be materially different from historical results or from any results expressed or implied by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those contained in or implied by the forward-looking statements are risks associated with the company's inability to sufficiently anticipate market needs and develop products and product enhancements that achieve market acceptance, the company's ability to compete effectively in the diagnostics and life science research markets, variability of the company's quarterly revenues and operating results, the failure of the company to retain key employees, the company's ability to obtain additional debt or equity financing, the possibility of declining sales due in part to a reduction in research and development budgets or government funding, the company's ongoing ability to protect its own intellectual property rights and to avoid violating the intellectual property rights of third parties, extended manufacturing difficulties and currency fluctuations. For more information about these and other factors that could cause actual results to differ materially from those contained in or implied by the forward-looking statements please see Item "1A. Risk Factors" included in Stratagene's Annual Report on Form 10-K for the year ended December 31, 2005 and in other reports filed by Stratagene from time to time with the Securities and Exchange Commission, including Quarterly Reports on Form 10-Q.

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