TechMARK movers: Patent dispute win for S&N

20th Oct 2010 12:42

Medical devices supplier Smith & Nephew has won its appeal over a patent dispute with Kinetic Corporation. A court in Texas says that the wound management patents are "invalid due to obviousness". S&N has already won similar cases in the UK and Germany.Kinetic has 90% of the US market for the niche to which the patents refer. S&N has found it difficult to grow its market share because of the litigation. The products account for 2% of S&N's total revenues. There is a chance that other competitors could enter the market because of the ruling. Kinetic still has the chance to appeal. S&N will release its third quarter figures on 5 November. There has been no news from gaming software provider Cryptologic but the share price has slumped by nearly one-quarter. There are no reported trades and the few trades that there were on the Canadian market yesterday were the equivalent of a couple of hundred pounds each. The bid/offer spread is 50p/80p. At the end of September Cryptologic said it has reached a settlement with Marvel, which would allow it to use a wider range of comic book characters on a number of additional platforms. The agreement has been extended until January 2014. The non-exclusive agreement is at a lower cost to Cryptologic. FTSE TechMARK - RisersArk Therapeutics Group (AKT) 4.75p +4.74%Smith & Nephew (SN.) 572.50p +4.00%Anite (AIE) 54.50p +3.81%Oxford Biomedica (OXB) 9.80p +3.61%Genus (GNS) 843.00p +1.81%Vernalis (VER) 47.25p +1.76%Renishaw (RSW) 1,203.00p +1.69%NCC Group (NCC) 472.00p +1.51%Dialight (DIA) 440.00p +1.15%ProStrakan Group (PSK) 75.00p +1.04%FTSE TechMARK - FallersCryptologic Ltd. (CRP) 65.00p -23.53%NXT (NTX) 3.63p -9.25%AEA Technology (AAT) 6.25p -8.80%Biocompatibles International (BII) 295.00p -3.91%BAE Systems (BA.) 351.20p -3.49%DRS Data & Research Services (DRS) 21.00p -3.45%Corin Group (CRG) 48.50p -3.00%Vectura Group (VEC) 56.00p -2.61%Phoenix IT Group (PNX) 263.00p -2.47%ARM Holdings (ARM) 382.40p -1.62%