Advanced Cell Technology, Geron settle patent infringement lawsuit

Advanced Cell Technology, a firm that focuses on embryonic stem cell research and has a major laboratory in Worcester, said today that it settled a patent infringement lawsuit with Geron Corp. The company, along with its partner in the research, the University of Massachusetts, agreed to allow Geron to retain the rights to some patents for work on humans, while Advanced Cell Technology retains the rights to conduct the same research for animals.
Geron, which is based in San Francisco, also agreed to pay Advanced Cell Technology $500,000. as well as much as $750,000 in so-called milestone payments based on future results of the research.
(By Keith Reed, Globe staff)