Categories: Business

Aligos Therapeutics recordsdata courtroom response and counterclaims to J&J’s allegations of theft

[ad_1]

lakshmiprasad S

Aligos Therapeutics (NASDAQ:ALGS) on Wednesday mentioned it had responded to allegations of theft made by Janssen Biopharma and had filed counterclaims in courtroom in opposition to the Johnson & Johnson (NYSE:JNJ) unit.

In March, Janssen had filed a criticism in a California courtroom in opposition to ALGS and its co-founders – CEO Lawrence Blatt and president Leonid Beigelman.

In response to a media report, Janssen had alleged that ALGS was constructed on mental property and knowledge stolen from it. Janssen additionally claimed that Blatt and Beigelman had developed a line of hepatitis B virus (HBV) focusing on merchandise utilizing its sources and shaped ALGS.

ALGS mentioned its response filed in California State Superior Court docket for the County of San Mateo recognized publicly out there data, earlier work expertise, publications and patents which had been used to construct its HBV portfolio.

“The response additional outlines and paperwork that every one work was carried out by Aligos staff after leaving Janssen Biopharma,” ALGS mentioned in Wednesday’s assertion.

Moreover, the corporate mentioned it had filed counterclaims in opposition to Janssen alleging that it had engaged in “unfair competitors” and “promissory fraud.”

Blatt and Beigelman additionally joined ALGS in submitting the counterclaims.

ALGS inventory +1.8% to $1.12 after hours, whereas shares of JNJ have been flat.

[ad_2]
Source link
admin

Recent Posts

Top rated Strategies for bwinbet365 Sports Wagering Success

Welcome to the powerful world of sports betting! Whether or not you're just starting or…

2 days ago

Motivational Christmas Sayings for the Period

Hey there, festive folks! It is actually that time of year again when the atmosphere…

4 days ago

The best way to Design Effective Custom IDENTITY Cards

Before we begin the design process, why don't we discuss why custom identity cards are…

4 days ago

Tips on how to Manage Entrance Exam Pressure

Hey there! Are you feeling a little bit overwhelmed with the entrance assessments coming up?…

4 days ago

Top Strategies for Winning at Slot Games

Hey there, fellow slot enthusiast! If you're reading this, chances are you're looking to level…

5 days ago

Typically the Growing Demand for Digital Marketing savvy

Hey there! If you've been considering diving into digital advertising, you're onto something significant. The…

5 days ago