Cryptocurrency Q&A
What is the Genentech controversy?
What is the Genentech controversy?
SamuraiWarriorSoul
Sun Aug 11 2024
|
7 answers
1682
Could you please explain the Genentech controversy in more detail? What specific issues or events sparked this controversy, and how did it impact the biotechnology industry as a whole? Was there any legal or regulatory action taken in response to the controversy, and what were the long-term implications for Genentech and its stakeholders?
7 answers
DongdaemunTrend
Tue Aug 13 2024
The dispute lasted for nine years, with both parties engaging in legal battles and negotiations. However, in November 1999, Genentech agreed to settle the matter out of court.
Was this helpful?
84
62
OceanSoul
Tue Aug 13 2024
As part of the settlement, Genentech agreed to pay UCSF $200 million, significantly less than the original amount sought by the university. This marked the end of a long and costly dispute that had dragged on for nearly a decade.
Was this helpful?
330
78
CryptoAlchemyMaster
Tue Aug 13 2024
While the specifics of the dispute and the settlement remain confidential, it serves as a reminder of the potential legal risks involved in the cryptocurrency and finance industry.
Was this helpful?
266
33
Nicola
Tue Aug 13 2024
The field of cryptocurrency and finance has witnessed numerous disputes over the years, some of which have been settled through significant monetary compensations. One such case involved Genentech and the University of California, San Francisco (UCSF).
Was this helpful?
260
86
EmmaWatson
Tue Aug 13 2024
In 1990, UCSF filed a lawsuit against Genentech, alleging that the latter had stolen technology developed at the university and covered by a 1982 patent. The university sought $400 million in compensation for this alleged theft.
Was this helpful?
275
61
Load 5 more related questions
