Amyris Inc. suffers a setback over patent lawsuit
Amyris Inc. (AMRS) has been hit by a patent lawsuit instituted by Lavvan Inc. The $881 million lawsuit has been filed in the United States District Court for the Southern District of New York. Both the companies had inked a Research, Collaboration and License Agreement in March 2019 while Lavvan made the initial payment in May 2019.
As per the communique released by Lavvan, the company is seeking damages for Amyris's misappropriation of trade secrets. It is also holding Amyris responsible for patent infringement. The