29/01/2009 - 13:43

Sirtex seeking over $5m from UWA, Gray

29/01/2009 - 13:43

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Sirtex Medical says it is continuing to pursue the recovery of its legal costs and expenses of over $5.5 million as proceedings against the University of Western Australia and Bruce Gray approaches its third year.

Sirtex Medical says it is continuing to pursue the recovery of its legal costs and expenses of over $5.5 million as proceedings against the University of Western Australia and Bruce Gray approaches its third year.

In its quarterly today, the Sydney-based company said while UWA and Dr Gray are likely to dispute various aspects of the costs, it expects to recover a "significant proportion" of the amount.

"However, at this time, it is not possible to provide a useful or precise estimate of the amount to be recovered," Sirtex said.

The complex legal proceedings centre on a liver cancer treatment technology which is currently being commercialised by Sirtex. UWA is claiming a beneficial interest, saying Dr Gray developed the technology while he was employed at the university.

Sirtex has also filed a claim against Dr Gray, claiming that if the intellectual property is held liable to UWA, then it is entitled to indemnity.

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