Curio Bioscience Responds to Lawsuit

Rhea-AI Summary

Curio Bioscience (CURIO) is a leading innovator in the life sciences industry, offering high-precision tools. Their Curio Seeker product enables whole transcriptome, spatial mapping of fresh frozen tissue at industry-leading resolution. The company is facing litigation from 10x Genomics (TXG) but is confident in their defense against patent infringement allegations.

Positive

• None.

Negative

• Facing litigation from 10x Genomics (TXG)
• Potential legal costs and distractions from defending against allegations

PALO ALTO, Calif.--(BUSINESS WIRE)-- Curio Bioscience is a leading innovator of high-precision tools for the life sciences industry. Our Curio Seeker product enables whole transcriptome, spatial mapping of fresh frozen tissue at industry-leading resolution and represents the next stage of innovation from our team's inventions of the microarray, stochastic barcoding (unique molecular identifiers), and single cell and spatial tagging and analysis. Our team's inventions of spatial localization of biological targets using barcoding were documented over 15 years ago.

We believe that fair competition is a key component to innovation, and we embrace the motivation that it provides for creating the newest and highest-performing products for our customers, while keeping experiment costs reasonable and pushing the frontiers of science to the greatest extent possible.

Some companies do not share this sentiment. We have become the latest target in a string of attacks by a company (10x Genomics, NASDAQ: TXG) with a history of bringing litigation against smaller, innovating companies.

We are confident that we do not infringe the patents that 10x is asserting against us and believe that they will be found invalid. We will vigorously defend against 10x’s allegations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231204525489/en/

info@curiobioscience.com

Source: Curio Bioscience

FAQ

What does Curio Bioscience (CURIO) specialize in?

Curio Bioscience is a leading innovator in the life sciences industry, offering high-precision tools.

What is the Curio Seeker product?

The Curio Seeker product enables whole transcriptome, spatial mapping of fresh frozen tissue at industry-leading resolution.

What company is bringing litigation against Curio Bioscience (CURIO)?

10x Genomics (TXG) is bringing litigation against Curio Bioscience.

What is the potential impact of the litigation on Curio Bioscience (CURIO)?

The litigation may lead to potential legal costs and distractions from defending against allegations.