AbCellera Biologics (ABCL) said Thursday that Bruker (BRKR) will pay it $36 million up front as part of a settlement of patent litigation between the two companies.
AbCellera said that as part of the settlement and patent license agreement, the company will also receive royalties on sales of Bruker's Beacon Optofluidic platform products through the life of their licensed patents.
Bruker did not immediately respond to MT Newswires' request for comment.
Shares of AbCellera were up 5% in recent early Thursday trading, while Bruker's shares were more than 2% higher.
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