W.R. Grace Files Patent Infringement Lawsuit Against Teledyne

Alleging that Teledyne Technologies (NYSE: TDY  ) infringed on four patents covering a chemical-purification process widely used in the pharmaceutical industry, W.R. Grace (NYSE: GRA  ) has filed a lawsuit against its rival to protect its technology, the company announced yesterday.

Grace contends Teledyne subsidiary Teledyne Isco infringed on four Grace patents in the U.S. that cover its proprietary Reveleris X2 flash chromatography system that it introduced in 2009. Flash chromatography is a process of purifying individual chemical compounds from mixtures of compounds in minimal time.

Grace's VP and general manager of the discovery sciences group, Laurie Andriate, was quoted in the company press release as saying, "Patent protection is absolutely essential in a marketplace that values innovation. Companies like Grace, who invest heavily in research and development, can only create the products customers demand if a return on that investment can be assured."

Grace filed for bankruptcy protection more than a decade ago and expects to emerge from it sometime this year. Its subsidiary Alltech Associates filed the lawsuit against the defense contractor.

W.R. Grace employs approximately 6,300 people in more than 40 countries and had 2012 net sales of $3.16 billion.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2332385, ~/Articles/ArticleHandler.aspx, 3/30/2015 5:39:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...