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Guardant resolves pending litigation with Illumina and enters into new agreement to advance long-term commercial partnership and cancer research

Key Takeaway: Guardant Health has resolved its pending litigation with Illumina, leading to a new three-year agreement that enhances their long-term commercial partnership. The agreement includes a request to dismiss the litigation with prejudice, allowing both companies to focus on collaborative efforts in cancer research. Additionally, they will share specimen samples and commit to a long-term purchase and supply agreement. This resolution reflects Guardant's commitment to leveraging its technologies for better cancer care globally.

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POSITIVE FACTORS

  • Settlement of pending litigation fosters a stronger partnership with Illumina.
  • New long-term agreement enhances collaboration in cancer research.
  • Commitment to advancing cancer care globally through joint efforts.
  • Focus on transformative technologies aims to improve patient outcomes.

Full Press Release Details

Guardant resolves pending litigation with Illumina and enters into new agreement to advance long-term commercial partnership and cancer
PALO ALTO, CALIF., August 1, 2023 /BUSINESSWIRE/ Guardant Health, Inc. (NASDAQ: GH), a leading precision oncology company,
today announced an agreement with Illumina Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, that resolves their pending litigation and promotes a shared resolution to advance the companies long-term,
commercial partnership.
The three-year agreement includes a joint request to dismiss with prejudice the pending litigation between the companies,
including any allegations related to the subject intellectual property. The companies have also extended their long-standing commercial relationship by agreeing to collaborate on the sharing of specimen samples to advance cancer research, and by
entering into a new long-term purchase and supply commitment.
Both companies are deeply committed to our collaboration to help patients and conquer
cancer, said Chris Freeman, chief commercial officer of Guardant. This agreement supports getting our transformative technologies to even more patients globally, while strengthening our long-standing and valued partnership with
About Guardant Health
Health is a leading precision oncology company focused on helping conquer cancer globally through use of its proprietary tests, vast data sets and advanced analytics. The Guardant Health oncology platform leverages capabilities to drive commercial
adoption, improve patient clinical outcomes and lower healthcare costs across all stages of the cancer care continuum. Guardant Health has commercially launched Guardant360 , Guardant360 CDx,
Guardant360 TissueNext , Guardant360 Response , and GuardantINFINITY tests
for advanced-stage cancer patients, and Guardant Reveal for early-stage cancer patients. The Guardant Health screening portfolio, including the commercially launched Shield test, aims to address the needs of individuals eligible for cancer screening. For more information, visit guardanthealth.com and follow the company
on LinkedIn and Twitter.

Frequently Asked Questions

What recent agreement did Guardant Health reach?

Guardant Health announced an agreement with Illumina to resolve pending litigation.

How long is the new partnership agreement between Guardant and Illumina?

The new agreement between Guardant and Illumina is for three years.

What will the partnership enhance in cancer research?

The partnership will enhance the sharing of specimen samples for cancer research.

What commitment was made in the new agreement?

The agreement includes a long-term purchase and supply commitment between both companies.

What is the focus of Guardant Health's technologies?

Guardant Health's technologies aim to improve patient outcomes and reduce healthcare costs.

Last updated: Aug 1, 2023