Biotech Firm Amyris Hit with $881M Suit over Cannabinoid IP
A cannabinoid manufacturer has sued biotech company Amyris for $881M, amid a fraught 18-months relationship between the companies. Among other allegations, the lawsuit claims Amyris used the partnership to artificially inflate its own value and then leveraged the plaintiff’s trade secrets to become a hostile competitor to its partner.
Lavvan, which formed in 2019 to develop biosynthetic cannabinoids, filed the federal suit against publicly-traded Amyris on Sept. 10 in the Southern District of New York. It charges Amyris with trade secret . . .
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