Twist Bioscience Corporation (TWST) Confirms Settlement with Agilent (A)

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Go back to Twist Bioscience Corporation (TWST) Confirms Settlement with Agilent (A)

Twist Bioscience Announces Settlement Agreement with Agilent

February 6, 2020 4:04 PM EST

SAN FRANCISCO--(BUSINESS WIRE)-- Twist Bioscience Corporation (NASDAQ: TWST), a company enabling customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, today announced it has reached a settlement agreement with Agilent Technologies to resolve all claims and counterclaims in the trade secret litigation filed by Agilent on February 3, 2016.

Under the terms of the agreement, which is legally binding, Twist Bioscience will pay Agilent $22.5 million. The settlement agreement contains no admission of liability or wrongdoing and includes a full release of the claims made against Twist Bioscience,... More