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Scheduling order on new Lenova case
Scheduling Order
Document: 33
CASE MANAGEMENT ORDER: The parties shall file a joint claim construction statement pursuant to Local Patent Rule 304.3 by March 18, 2024. All claim construction discovery shall be completed by April 17, 2024. Opening briefs on claim construction shall be filed by May 2, 2024. Responsive briefs shall be filed by May 23, 2024. Signed by District Judge Louise Wood Flanagan on 11/30/2023. (Collins, S)
November 30, 2023 00:00
Motion Referred to Clerk
Motion Referred to Peter A. Moore, Jr., Clerk of Court regarding 32 Consent MOTION for Extension of Time to File Response to Defendants' Amended Counterclaims. (Collins, S)
November 30, 2023 00:00
Order on Motion for Extension of Time to File Response/Reply
TEXT ORDER granting Plaintiffs' Consent Motion for Extension of Time 32 . For good cause shown, it is ordered that Plaintiffs have up to and including December 12, 2023, within which to respond to Defendants' Amended Counterclaims. Signed by Peter A. Moore, Jr., Clerk of Court on 11/30/2023. (Hockaday, A.)
and the purpose you posted this, is ?
Company Name
Shares
Change
% Change
$ Market
Held
in Shares
Shares
Value
BLACKROCK INC.
4,431,012 (159,756) -3.48 $441,107,245
VANGUARD GROUP INC
3,343,395 72,720 2.22 $332,834,972
STATE STREET CORP
1,008,062 22,202 2.25 $100,352,572
DIMENSIONAL FUND 969,637 (81,796) -7.78 $96,527,363
DISCIPLINED GROWTH 677,226 (5,089) -0.75 $67,417,848
BOSTON TRUST WALDEN 666,935 46,181 7.44 $66,393,379
BOSTON PARTNERS
643,899 (23,417) -3.51 $64,100,145
SHANNON RIVER FUND 642,265 23,815 3.85 $63,937,481
D. E. SHAW & CO., INC.
609,620 16,211 2.73 $60,687,671
GEODE CAPITAL 556,979 12,297 2.26 $55,447,259
RENAISSANCE TEC 419,167 (126,600) -23.20 $41,728,075
GOLDMAN SACH 418,446 40,046 10.58 $41,656,299
November 14, 2023 00:00
Extension of Time to File Answer
Document: 25
Consent MOTION for Extension of Time to File Answer regarding 20 Amended Complaint, filed by Lenovo (United States) Inc., Motorola Mobility LLC. (Attachments: # 1 Text of Proposed Order Proposed Order for Extension of Time) (Bennett, Raymond)
look again
Intel signs up as licensor to Avanci 4G and 5G connected car programmes
Car maker Kia and parent company Hyundai Motor Company are Avanci’s latest 5G licensees, while Intel is now a licensor
no links
So, today judge ruled against Lenova and Motorola attempt to have the case dismissed, because an amended complaint was filed.
If anyone wants a copy of the amended complaint you can write me at vigaits@aol.com
InterDigital hires Mang Zhu as new head of IP
The IP industry leader has left ZTE to join InterDigital as VP and head of IP.
BoA keeps 105 target
Impressive 3Q results strengthened by Lenovo agreement
Strong 3Q results with revenue growth of 20% YoY to $140mn outperforming Street's expectations of $100mn, driven by catch-up revenues from two new licensing agreements signed in the quarter, namely Lenovo and Humax. Gross and operating margins came in better than expected at 64%/38%, vs. Street's 61%/20%, respectively, supported by the revenue beat and solid cost efficiencies. This also drove EPS to impress at $1.72 and beat consensus estimates by $1.05. We reiterate our Buy rating and $105 PO, as we remain confident in the company's medium-term outlook and potential topline benefits from licensing agreements with Lenovo, Oppo and Vivo.
Robust handset growth supported by non-recurring revs
Recurring revenues from smartphones grew 19% YoY to $104mn and accounted for 74% of total revenues, down from 86% last quarter due to the larger catch-up payment from the Lenovo licensing agreement. Consumer Electronics (CE), Internet of Things (IoT), and Automotive revenues were also strong, up 30% YoY to $35mn, benefitting from solid growth of non-device royalties. Management also remains confident that the growth opportunity in CE, IoT/autos still has a long runway and is still only in the early stages. We also note InterDigital targets ~85% wireless penetration with Chinese vendors Lenovo, Oppo and Vivo, vs. only ~60% currently and 55% last quarter. Profitability and cash flow leverage were also strong with adjusted EBITDA margin of 60% and FCF margin of 215%, which benefitted from the timing of customer payments.
Solid 4Q guidance suggests NT outlook remains favorable
Management expects 4Q revenues to decline -10% YoY to $105mn, roughly in-line with Street expectations. While we have no way to accurately predict the timing of agreements and settlements, we note that catch-up payments on new deals have been a common part of revenues and profits in the past years and guidance may ultimately prove conservative. Operating margins and EPS guidance for the fourth quarter came out better-than-expected at 25%/75c, vs. consensus' 3%/70c. Management also believes adjusted EBITDA margin levels could remain above the 60% mark over the medium-term from solid topline growth coupled with limited expense growth. Lastly, we flag that InterDigital's agreement with Huawei is set to expire at the end of 2023, with on-going negotiations taking place and renewal likely sometime during 2024.
Anyone listen to conference call. Sounded like a real one today, even had analysts asking good questions.
IDCC vs Lenova- latest docket entries
October 31, 2023 00:00
Response
Document: 24
RESPONSE regarding 13 MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM filed by InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc., InterDigital, Inc.. (Attachments: # 1 Exhibit 1 Mankes v. Fandango, LLC, Dkt. No. 25, # 2 Exhibit 2 Bounds v. Town of Red Springs, Text Order) (Stevens, Matthew)
October 31, 2023 00:00
Response
Document: 23
RESPONSE regarding 15 PROPOSED SEALED Response, Answer & Affirmative Defenses to Counterclaims by InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc., InterDigital, Inc.. (Stevens, Matthew)
October 31, 2023 00:00
Memorandum in Support
Document: 22
Memorandum in Support regarding 21 MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM Count III of Lenovo's Counterclaim with Prejudice filed by InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc., InterDigital, Inc.. (Stevens, Matthew)
October 31, 2023 00:00
Dismiss for Failure to State a Claim
Document: 21
MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM Count III of Lenovo's Counterclaim with Prejudice filed by InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc., InterDigital, Inc.. (Stevens, Matthew)
October 31, 2023 00:00
Amended Complaint
Document: 20
AMENDED COMPLAINT for Patent Infringement against Lenovo (United States) Inc., Lenovo Group Limited, Motorola Mobility LLC, filed by InterDigital, Inc., InterDigital Madison Patent Holdings SAS, InterDigital Patent Holdings, Inc., InterDigital VC Holdings, Inc.. (Stevens, Matthew)
October 13, 2023 00:00
Order ~Util - Set Deadlines
Document: 19
INITIAL ORDER REGARDING PLANNING AND SCHEDULING - Discovery Plan due by 11/17/23. Counsel should read attached order in its entirety for critical information and deadlines. Signed by District Judge Louise Wood Flanagan on 10/13/2023. (Collins, S)
Avanci Launches 4G Smart Meter patent licensing program
https://www.businesswire.com/news/home/20231031956657/en/Avanci-Launches-4G-Smart-Meter-patent-licensing-program
more details
Chipmaker Drops Cell Tech Row In Calif., But Files Del. Suit
By Andrew Karpan · Law360
-- A Swiss chipmaker said Friday it was abandoning its efforts in a California federal court to use federal antitrust laws to argue that technology licensor InterDigital is demanding unfairly high royalty rates to license patents considered essential to 3G and 4G cellular tech standards.
Instead, the Zurich-based U-blox AG said it's going to the Delaware Court of Chancery to pursue what the company calls "a FRAND license lawsuit," in reference to an arrangement that contractually binds companies that own "standard essential patents" to negotiate licenses that are "fair, reasonable and nondiscriminatory."
A day before dropping the case in California on Friday, a new complaint from U-blox landed in the Chancery Court, according to supplemental information filed publicly with the court. The complaint was already assigned to Vice Chancellor Morgan T. Zurn, but was, itself, sealed.
"We proactively decided to move the case to the Delaware Court of Chancery," said U-blox co-founder Andreas Thiel in a press release circulated by his company, which added that he expected "the venue change to allow a much faster resolution of the issue."
The move comes, however, after U.S. District Judge Cathy Ann Bencivengo of the Southern District of California ruled Oct. 12 that because InterDigital "stated on the record at the motion to dismiss hearing that they have no intention of bringing an infringement claim against plaintiffs … there is no diversity jurisdiction, as plaintiffs and defendants are both citizens of Delaware."
"Therefore," Judge Bencivengo said, "the court does not believe it presently holds subject matter jurisdiction over this case."
This followed an earlier knock from Judge Bencivengo in August that threw out the antitrust suit from U-blox for failing to rise to the standard set over these kinds of lawsuits by the Ninth Circuit's 2020 decision in FTC v. Qualcomm, among other complaints.
U-blox, which makes microchips for wireless mobile devices, sued in California earlier this year in an effort to use the court to set what a fair licensing rate would be, and to issue an injunction "stopping InterDigital from wrongfully interfering with U-blox's customers and downstream manufacturers."
Much of the language in that lawsuit describing InterDigital's licensing practices had been largely identical to language in an older lawsuit that the same U-blox lawyers at Sheppard Mullin Richter & Hampton LLP filed against InterDigital in 2019. Those lawyers, however, do not appear listed on the supplemental information in the Delaware court filing; instead, it names the prominent Wilmington firm Potter Anderson & Corroon LLP.
Notably, the U.S. Department of Justice's Antitrust Division had quickly weighed in on that first lawsuit, telling the court that the agency planned to argue that the Swiss company's reading of antitrust laws would "unhelpfully distort licensing negotiations" and "risks undermining the incentives for innovation."
But the two companies settled later that year, before the agency's lawyers could file an official statement with the court arguing that U-blox's allegations didn't trigger their reading of antitrust law.
Lawyers for InterDigital did not immediately return a request for comment.
In the California case, U-blox was represented by Martin Bader, Ryan Patrick Cunningham, Stephen S. Korniczky, Ericka Jacobs Schulz and Mona Solouki of Sheppard Mullin Richter & Hampton LLP. In the Delaware case, U-blox is represented by Philip Rovner and Jonathan A. Choa of Potter Anderson & Corroon LLP.
In California, InterDigital was represented by Richard A. Kamprath, Nicholas Mathews, Blake Bailey, James H. Smith and Eliza Beeney of McKool Smith and James J. Yukevich and Nina J. Kim of Yukevich Cavanaugh LLP. Counsel information for InterDigital in the Delaware case wasn't available Friday.
The case in California federal court is U-blox AG et al. v. InterDigital Inc. et al., case number 3:23-cv-00002, in the U.S. District Court for the Southern District of California. The Delaware case is U-blox AG et al. v. InterDigital Inc. et al., case number 2023-1086, in the Court of Chancery of the State of Delaware.
If I was able to read it, I would have posted it
Here is an article that would be interesting to read
Ericsson and InterDigital suits targeting Lenovo are among 220 US patent litigations it's defended Angela Morris 16 October 2023
As new patent litigation heats up against the Chinese device manufacturer in the US, Docket Navigator data reveals its litigation behaviour and record of success
https://www.iam-media.com/article/ericsson-and-interdigital-suits-targeting-lenovo-are-among-220-us-patent-litigations-its-defended?utm_source=Ericsson%2Band%2BInterDigital%2Bsuits%2Btargeting%2BLenovo%2Bare%2Bamong%2B220%2BUS%2Bpatent%2Blitigations%2Bit%2527s%2Bdefended&utm_medium=email&utm_campaign=IAM%2BDaily
you mean this one
Lenovo Accused Of Infringing 5G IP, Stalling FRAND Talks
By Henrik Nilsson · Listen to article
Law360 (October 12, 2023, 9:11 PM EDT) -- Swedish telecommunications company Telefonaktiebolaget LM Ericsson has sued Lenovo and its subsidiary Motorola Mobility, alleging the Chinese company infringes patents related to 5G technology and refuses to engage in negotiations to secure a fair patent licensing deal, according to the suit filed in North Carolina federal court.
Ericsson said Wednesday that mobile phones manufactured by Motorola infringe on four Ericsson patents related to 5G technology. But Lenovo's alleged history of infringement and refusal to take a license on Ericsson's technology goes back at least 15 years, according to the complaint.
"Ericsson has filed a number of lawsuits against Lenovo and its subsidiary Motorola Mobility for patent infringement in multiple jurisdictions," an Ericsson spokesperson told Law360 in an email Thursday. "Despite our best efforts, we have been unable to reach agreement on the terms and scope of a license, and both Lenovo and Motorola Mobility are using our technology without a license."
Specifically, the patents asserted in the suit concern encryption and wireless communication technology. Ericsson alleges that it notified Lenovo in 2022 that the patents are relevant to 5G, covering Motorola's mobile phone Moto Edge+ and Lenovo computers and tablets.
Ericsson asserts four counts of patent infringement, as well as breach of obligation to negotiate in good faith and breach of contract.
But Ericsson's quarrel with Lenovo dates back to at least 2008, when the Swedish company first became aware that Lenovo infringed on patents related to 3G technology, according to the suit.
Since then, Ericsson has made several fair, reasonable and nondiscriminatory, or FRAND, cross-licensing rate offers to Lenovo in accordance with global standards set out by the European Telecommunications Standards Institute, according to the suit. But the Chinese company has allegedly dodged Ericsson's negotiating attempts to avoid paying royalties for Ericsson's standard essential patents.
While Lenovo promised to respond to Ericsson's offers, the Chinese company repeatedly missed deadlines, and proposed an "unreasonably low, non-FRAND-compliant rate for a cross-license," Ericsson alleges.
"Lenovo USA's insistence that Ericsson accept an unreasonably low royalty rate, as well as Lenovo USA's strategy of delaying substantive negotiations, violates the condition of reciprocity," according to the complaint.
Additionally, Ericsson said that Lenovo has refused to sign a reasonable NDA that would allow the parties to have open and frank licensing discussions. Instead, Lenovo proposed a deal that would allow it to share Ericsson's confidential information with other companies and prevent the Swedish company from exercising its patent rights, the suit said. Lenovo also sought to retain its ability to file lawsuits against Ericsson in China, according to the complaint.
Ericsson alleges that Lenovo's stalling tactics and refusal to enter into an industry-standard NDA violates its FRAND commitment because it is "depriving Ericsson of its right as a third-party beneficiary to a license to Lenovo USA's, and its affiliated companies', Essential Patents on F/RAND terms."
"Lenovo cannot continue to benefit from its delay," Ericsson said. "In addition to finding Lenovo liable for infringing Ericsson's patents, Ericsson asks this court to resolve the dispute between the parties by declaring that Ericsson complied with its contractual F/RAND obligations and Lenovo did not."
Lenovo declined to comment on Thursday.
The patents-in-suit are U.S. Patent Nos. 10,425,817; 10,306,669; 11,317,342 and 11,515,893.
M3S
you are such a joker
----------------------------------------------------------------------------------------------------------------------------------
Paullee maybe the multiple law suits will break Lenovo’s desire to continue holding out.
Sound familiar
BREAKING: Ericsson brings 5G suit against Lenovo in US
The Swedish telecoms leader alleges the Chinese mega-manufacturer doesn't deny that it needs a SEP licence but has delayed paying a fair royalty despite 10 years of negotiations.
Document: 13
MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM filed by Lenovo (United States) Inc., Motorola Mobility LLC
ITC To Review Lenovo Smartphone, Computer Imports
By Ryan Lynch · Listen to article
Law360 (October 6, 2023, 8:19 PM EDT) -- The U.S. International Trade Commission has agreed to investigate whether Lenovo smartphones, computers and other imports infringe five wireless file-sharing patents by InterDigital.
The ITC's Thursday notice to launch an investigation comes after InterDigital Inc. and related entities — InterDigital VC Holdings, InterDigital Patent Holdings Inc. and InterDigital Madison Patent Holdings SAS — filed an ITC complaint on Sept. 1 alleging Lenovo violated Section 337 of the Tariff Act by importing smartphones, computers, tablet computers and other components that infringe InterDigital's patents.
They accuse Lenovo Group Ltd., Lenovo (U.S.) Inc. and subsidiary Motorola Mobility LLC of failing to pay a "fair share" for using patents related to AOMedia Video 1 and VP9 specifications, which allow for "delivery and consumption of an enormous amount of video content" online.
As an example, the patents are used in Apple's AirDrop service, according to the complaint, and companies including Apple have opted to license InterDigital's patents.
InterDigital has asked the ITC to issue a limited exclusion order against Lenovo, along with the issuance of cease-and-desist orders, based on alleged Section 337 violations.
The ITC's initiation of the investigation means the matter will be referred to one of the agency's administrative law judges. After conducting a hearing, the administrative law judge will make an initial determination on the merits of the case that is then subject to ITC review.
InterDigital had less luck at the Federal Circuit Friday, where a panel issued a pair of one-line orders upholding the invalidation of its patent claims, albeit different patents. The Patent Trial and Appeal Board had trimmed those wireless communication patents in a challenge requested by Lenovo and Motorola.
The companies and InterDigital's counsel did not respond to requests for comment about the ITC matter. Federal Circuit counsel for Lenovo and InterDigital declined to comment Friday.
The patents-at-issue at the ITC are U.S. Patent Nos. 10,250,877; 8,674,859; 9,674,556; 9,173,054; and 8,737,933. The patents-in-suit at the Federal Circuit are U.S. Patent Nos. 8,199,726 and 9,456,449.
yes, and as previously posted they have taken them to court in the US
Not a good day for IDCC
NOTE: This disposition is nonprecedential.
United States Court of Appeals
for the Federal Circuit ______________________
INTERDIGITAL TECHNOLOGY CORPORATION,
Appellant
v.
LENOVO HOLDING COMPANY, INC., LENOVO
(UNITED STATES) INC., MOTOROLA MOBILITY
LLC,
Appellees
______________________
2022-1592
______________________
Appeal from the United States Patent and Trademark
Office, Patent Trial and Appeal Board in No. IPR2020-
01413.
______________________
JUDGMENT
______________________
MATTHEW A. ARGENTI, Wilson, Sonsini, Goodrich &
Rosati, PC, Palo Alto, CA, argued for appellant. Also represented by WESLEY EUGENE DERRYBERRY, Washington,
DC; MICHAEL T. ROSATO, Seattle, WA.
JOSEPH A. MICALLEF, Sidley Austin LLP, Washington,
DC, argued for appellees. Also represented by SCOTT
BORDER, Winston & Strawn LLP, Washington, DC.
Case: 22-1592 Document: 50 Page: 1 Filed: 10/06/2023
______________________
THIS CAUSE having been heard and considered, it is
ORDERED and ADJUDGED:
PER CURIAM (LOURIE, PROST, and CHEN, Circuit
Judges).
AFFIRMED. See Fed. Cir. R. 36.
ENTERED BY ORDER OF THE COURT
October 6, 2023
Date
Case: 22-1592 Document: 50 Page: 2 Filed: 10/06/2023
==========================================================
2nd case
NOTE: This disposition is nonprecedential.
United States Court of Appeals
for the Federal Circuit ______________________
INTERDIGITAL TECHNOLOGY CORPORATION,
Appellant
v.
LENOVO HOLDING COMPANY, INC., LENOVO
(UNITED STATES) INC., MOTOROLA MOBILITY
LLC,
Appellees
______________________
2022-1924
______________________
Appeal from the United States Patent and Trademark
Office, Patent Trial and Appeal Board in No. IPR2020-
01494.
______________________
JUDGMENT
______________________
MATTHEW A. ARGENTI, Wilson, Sonsini, Goodrich &
Rosati, PC, Palo Alto, CA, argued for appellant. Also represented by WESLEY EUGENE DERRYBERRY, Washington,
DC; MICHAEL T. ROSATO, Seattle, WA.
JOSEPH A. MICALLEF, Sidley Austin LLP, Washington,
DC, argued for appellees. Also represented by SCOTT
BORDER, Winston & Strawn LLP, Washington, DC.
Case: 22-1924 Document: 41 Page: 1 Filed: 10/06/2023
______________________
THIS CAUSE having been heard and considered, it is
ORDERED and ADJUDGED:
PER CURIAM (LOURIE, PROST, and CHEN, Circuit
Judges).
AFFIRMED. See Fed. Cir. R. 36.
ENTERED BY ORDER OF THE COURT
October 6, 2023
Date
Case: 22-1924 Document: 41 Page: 2 Filed: 10/06/2023
more from seeking alpha
Takeover Targets
New: Today, 12:46 AM
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10/04 Wall Street Rumors: Our Japan source says, Daiichi Sanko legal department is ready to negotiate with Esperion Therapeutics (ESPR) before the October 16th discovery date, on 10/03 more legal documents show at this time Daiichi has failed to present necessary documents to the court. We had the Case document 1:23-cv-02568 reviewed. It is obvious Daiichi Sankyo Europe $300 million milestone payment agreement was deliberately denied to use a tactic to negotiate a better offer, and more than likely an acquisition offer. Esperion has further milestone agreements between Daiichi and Otsuka totaling $1.5 billion. After careful review, Esperion is completely due the full $300 million milestone payment. Pointed out in the legal document noting the New England Journal of Medicine which reported 23% cardiovascular risk reduction, and entitles Esperion to the full $300 million payment based on the 20% marker agreement, further more Daiichi Sankyo Europe released news on 8/26:
New secondary analysis of CLEAR Outcomes data for bempedoic acid show significant risk reduction of total cardiovascular events and no increase of new-onset diabetes in patients at high-risk of cardiovascular disease
- Results from a prespecified, secondary analysis of total cardiovascular (CV) events during the CLEAR Outcomes trial demonstrate that bempedoic acid, marketed as NILEMDO®? in Europe, provides a 20% reduction in the risk of total number of serious CV events in high-risk patients, complementing the previously reported 13%* reduction for the primary analysis.1,2
- A separate sub-analysis of the CLEAR Outcomes trial data shows patients with diabetes derive greater absolute benefit from bempedoic acid; furthermore, treatment does not increase HbA1c levels or the incidence of new-onset diabetes.3
- These findings support the benefits of long-term treatment with bempedoic acid to not only lower LDL-C but also reduce the risk for any – first and subsequent – CV events.
More details to come.
Proto, Is there an audio of Lebby's presentation yesterday ???
On October 2, 2023, the registrant posted to its website the presentation given by its Chief Executive Officer, Dr. Michael Lebby, PhD, at the 2023 European Conference on Optical Communications in Glasgow, Scotland on October 2, 2023, where he presented the scientific and economic case for the registrant's electro-optic technology platform. The presentation is located on the registrant’s website and is located at https://www.lightwavelogic.com/resource-center/technical-presentations-white-papers/.
m3s
that"s all i have
and it continues
Lenovo Group Ltd. and others v. InterDigital Technology Corporation and others
Lenovo and subsidiary Motorola launched a patent claim against wireless technology company InterDigital on Sept. 24. Lenovo and InterDigital have been locked in legal battles in the U.K. and the U.S. after InterDigital accused the Chinese tech giant of infringing multiple patents on coding and wireless technology.
In early September, InterDigital began legal action against Lenovo in North Carolina federal court and the International Trade Commission alleging Lenovo and Motorola laptops, desktops, tablets and smartphones infringe four of their patents.
Read more at: https://www.law360.com/articles/1727274/uk-litigation-roundup-here-s-what-you-missed-in-london?copied=1
from Seeking Alpha
Takeover Targets
New: Today, 7:57 AM
We expect a takeover offer for ESPR given our sources in Japan. WE RIETERATE 9/20/2023 UPDATE: Esperion Therapeutics (ESPR) dispute over $300 million milestone payment, On 9/14 Our source says it is rumored Daiichi Sankyo has been advised to pay Esperion. We have been forwarded this bit of information that says: ?????????????????????????????????????????????????????????????????????????
." We have concluded it would be in Daiichi Sankyo best interest to pay the requested $300 million milestone to Esperion Therapeutics, after careful review of the presented clinical data, the findings presented are favorable to Range of relative risk reduction of 20%, therefore as counsel for Daiichi Sankyo Europe we recommend immediate settlement ". On a separate note: We now have seen information for a several $200+ million loan offers presented to Esperion, these loan offers are non dilutive and have very favorable interest terms and are believed to be tied directly to the $300 million milestone. We are also aware of Form SC 13G filed by MILLENNIUM on 8/29/2023 that shows 2,100,000 shares were bought on the open market at an average $1.70 per share, MILLENNIUM now owns over 5% of Esperion, Institutions now own 87% of Esperion. We believe MILLENNIUM raised its stake this year based on the belief Daiichi Sankyo will settle this year, as does Bank of America analyst. The $300 million payment news would rally the stock price well above $4 a share. It is also very important to note on 8/26/2023 Daiichi Sankyo Europe wrote "Results from a prespecified, secondary analysis of total cardiovascular (CV) events during the CLEAR Outcomes trial demonstrate that bempedoic acid, marketed as NILEMDO®? in Europe, provides a 20% reduction in the risk of total number of serious CV events in high-risk patients, complementing the previously reported 13%* reduction for the primary analysis.1,2" Dr. Wolfgang Schiessl
Daiichi Sankyo Europe GmbH
PR & Portfolio Communication Lead, Specialty Medicines
+49 151 1714 7317. Daiichi Sankyo recent released earnings has reported 127% sales growth for Cholesterol drugs licensed from Esperion. We believe Daiichi is going to present Esperion with a BUYOUT offer rather than pay out $1.2 billion. By 2027 Esperion is expected to reach over 5 million patients being prescribed per year and this would generate over $20 billion yearly income. Daiichi Sankyo is now seeing higher prescription sales over PCSK9 inhibitors in Germany as reported by Esperion CEO on his presentation on 9/11/2023 shown on Esperion's website.
BREAKING: Avanci signs BMW as first new 5G programme licensee since launch
Three licensors, including Deutsche Telekom, also added to new connected vehicle licensing programme.
Avanci’s 5G licensing platform is a very big deal
https://www.iam-media.com/article/iam-column-17th-august-2023-avanci-5g-programme?utm_source=BREAKING%253A%2BAvanci%2Bsigns%2BBMW%2Bas%2Bfirst%2Bnew%2B5G%2Bprogramme%2Blicensee%2Bsince%2Blaunch&utm_medium=email&utm_campaign=IAM%2BDaily
Not sure how well this will format but here is the transcript from the Wainwright presentation (transcribed from an App)
My name is Sean Mohn and I'm an investment banking analyst at H.C. Wainwright.
I'm joined now by the CEO, Michael, of Lightwave Logic. The floor is yours.
Thank you. My name is Michael Levy. I'm the CEO of Lightwave Logic. And over the next 20 minutes, I'm going to give you an update of where we are. The title of my talk is "Making the Internet Faster and More Efficient." And today is the 11th of September. So we have our usual safe part of the slide, we're a NASDAQ listed company, LWLG.
And so an outline of what we do, I'll give a quick overview there.
I'll look into some of the market dynamics, opportunity, some competition and partnering, some commercial strategy and activity, and some AR and PR, and I'll summarize.
So what do we do? We make perkinemin electro-optic polymers.
This is a polymer-based material where if you apply a voltage, you can switch light very, very quickly.
And one of the ideal applications for this is in the data comm and telecom markets.
And so our electro-optic chromophores are the engine for modulated devices.
Modulated devices are devices that switch light.
As you can see on the right-hand side of this slide, we've been working with our material to get very high level thermal and photo stability, long-term storage, and operational durability.
These modulators that are made out of polymers are much, much faster than existing semiconductor incumbent products that you see in the marketplace today.
And they're much lower power, order of magnitude lower power than existing semiconductors.
And so what is a polymer slot modulator? Well, it's that device I'm showing in the center in the yellow square.
I've sort of shown from the right-hand bottom corner a brown bottle where we essentially put our polymer onto the device.
And that device, as you can see, we can put an optical signal in with an electrical signal.
And the optical out, which is that square wave, that red square wave, that is the information that goes across the internet.
And these types of chips end up in these cabinets on the left-hand side, as you could see in data centers.
So what this is really, a polymer slot modulator is a high-performance engine for optical networking and the internet.
And so we actually solved the problem using our polymer materials, not just for this generation, but a number of generations over the next decade.
We create our own materials.
We have a very strong IP and patent portfolio.
They switch light really quickly, much faster than, for example, liquid crystals liquid crystal displays. It's polymer-based and actually a close comparison with a different chemistry is OLEDs, organic LEDs. These are polymer LEDs. In those polymers, you put an electrical bias across them and they generate red, green, and blue light. You put an electrical bias across our polymers, they switch light really quickly. And so, yes, OLEDs are seen everywhere in TVs and displays, we want our polymers to be ubiquitous like that into modulators and the internet. They're very small, they have transformational performance, and we can integrate them into other devices into chips called PICs, which stands for a Platonic Integrated Circuit.
And so the market dynamics is really exciting these days. Some of the big demand drivers that that we see in the fiber optics market is the need for space.
That's in terms of switch density, the need for speed.
Artificial intelligence computing is really driving that.
And the need for green to lower the energy usage to keep the power consumption down.
Our modulators, as you can see from the tagline at the bottom are small, fast and low power.
And if you just look at a couple of commercial data graphs that have been out there, I mean, the one on the left interesting. I mean, it took three and a half years for Netflix to get to a million users, but chat GPT, it only took five days. And so to get to a million users, and what's really driving this is the use of computing power driven by artificial intelligence. You can see by the graph on the right hand side, which is from OpenAI, I mean, the computing power required to train these systems has been doubling every two to four months. And this is driving a lot of computational work.
Now, computational work is done by electronic IC chips, like for the companies like NVIDIA and Intel do these types of chips, but they generate a lot of information. That information needs to be sent on fiber optics. And that's where modulators that are optical can help send that information.
Special counsel David Weiss announced this week he will prosecute Hunter over at Gun...
>> The Achilles heels have been developing data centers.
These red boxes show you the electricity usage, which is just going up.
And you look at the blue boxes and you can see the traffic is going up.
But what that really means is, is both traffic and power needs to be reined in.
So you need to come up with solutions that have lower power consumption, as well as being able to send traffic faster.
These are the Achilles heels of the industry, which our technology really addresses.
And so drilling down into the market, The green horizontal lines are the markets we're focused on right now, which is data centers and telecommunications.
There's other horizontal lines in blue on this graph that we really haven't addressed yet, big market opportunities for us, but we're focused on the green, which as you can see is Fibrecoms, high-performance computing, data center interconnect and things like that.
And as we drill into some of the details there, this is just the Datacom Transceiver Market, which is a subset of one of those greens.
You can see in blue, this was a data reported by Coherent earlier this year.
The 800G market is going to explode because of the impact of AI.
There's supposed to be a huge market in data com, telecom, that's driving the next generation performance and our modulators fit nicely into that opportunity.
And you can see here, this is general artificial intelligence is driving rapid deployment of 800G solutions.
And as these guys, this is IDC, you look at this market, it is growing in the next two or three years.
2026 is $11 billion market, and it's already estimated at least 20% of that is going to be taken up by 800G transceivers, which is pretty fast growth.
And in fact, when we started looking at TAMs from our perspective, I mean, as you look out over the next decade, this is over 100 million units.
The blue line is the 800G, which is the one I just talked about.
And then following that pretty quickly is the 1600, which is a higher speed.
And so these are huge opportunities.
Entry segments for us, our polymer modulators are engines for transceivers.
So the 800G transceiver will look like that gray thing on the top right-hand side, but also our technology goes into silicon-photonic platforms as well as other platforms like optical and quantum computing and RF applications.
And so there's huge opportunities here for using our technology.
And in fact, we are enabling network equipment upgrades without changing the network.
You don't have to change the fiber, you don't have to change the equipment.
You just put our technology, which is like putting a V8 into a four-cylinder car, and you put it into those little boxes.
I don't know if there's a point that works here.
And those boxes all fit into the network switches and routers, and that upgrades the equipment without changing the equipment, which is really powerful.
And so the headroom in performance, this is actually in the red dotted lines.
If you look there, that's the actual commercial roadmap.
This was from Arista and our technology and their roadmap, they're showing 800G 1.6 terabit, but our technology takes it into the next generation over the next decade, which is really exciting because of our performance.
And so these electro-optic polymers, You can see from this Silicon Foundry compatibility slide, a really high in performance.
And the metric we have below is a figure of merit as low voltage gate, the power low, high bandwidth for high information transfer and a really tiny size.
And we really are nicely positioned vis-a-vis other competition.
And so we have Foundry results.
We're working with Foundry, making our polymer devices, our modulator devices.
So everything is working really nicely on that front.
These just a few SEM micrographs of some of the results.
And in terms of a commercial strategy, our business model is not just selling product.
Our business model is actually licensing our patent portfolio, because we're the only ones that create our own chromoform polymers.
And so we can license them.
And we can also do tech transfer.
And so what you're seeing here is a business model that actually use the input of technology, which is our chroma form polymer matrix IP, our device designs, fabrication, processing, high speed designs.
And then we fold that into what we call a three-pronged strategy to generate revenues.
And so one of the things that we've developed over the last few years is an extremely strong patent portfolio.
If you've got a really strong patent portfolio, then you really sort of think about the licensing because you have a really good position marketplace. We have over 70 patents issued and pending, both on materials and device designs, the packaging, and we're also looking at new patents to acquire. We've done that a couple of times and we're continually filing for new IP. In terms of what we've done in the last few months, we just put a press release out for expanding our facility in Englewood, which is just south of Denver in Colorado. It's in the tech center. You can see some of the equipment, some of the new areas we've expanded. It's really exciting for us because we've nearly doubled our square footage.
It allows us to do production device tests, production reliability. We've got an SEM analysis center. We've got the SEM, as you can see from this image here. And chemical synthesis production we've doubled the size of that so it's really exciting for us and we supported this with lots of new hires this year. In terms of near-term external activities and goals, you know when you look at the funnel, you look at the value proposition and the prospects, we're currently working to increase our customer base. We just recently had some commercial activity with license our technology, I believe I got that on the next slide, and we're building the value proposition to the customer every day now. And as we look out to 2023 and 2024, we're really focused on increasing our commercial activity, definitely through licensing materials. And so our license agreement progress, as you can see, some of the salient commercial business points, we have one commercial license in place, which we announced in May. We've got follow on licensees in progress, and that's currently a work in progress here. But generally speaking, you can see the green arrow.
You know, we started off with one, and now we're working to license more companies to use our material. This is just an example of a data sheet of our materials. This happens to be the series two. But a couple of things that I've really highlighted here is what's known as the TG, the glass transition temperature in terms of our materials is world class. And there's nothing that compares with it. And it's really what it does is it allows really superior thermal and photo stability, which is what the customers are looking for when you deal with polymer materials.
So our commercial plan looking out to 2023 and 2024 is definitely looking for adding licenses that we already have one and sort of build upon that, not only with series two, where we have a series three and five, and we're in development with series six, which is as even higher performance, higher stability and higher reliability.
Some of the things we're doing just to prove our materials to get third party verification.
Now this slide is a little bit of an eye chart for those in the audience, you're not going to be able to see all the details.
as you look at the presentation at the bottom is all the sources, so you can go online and check the sources. These are companies that have used our material into their designs, their device designs, and simply achieved world records at international conferences.
So it just gives you a third party idea that the quality of our material is really good.
And some of these designs are silicon slots, plasmonic slots, plasmonic ring resonators.
So, these different companies are using their own unique designs and getting world-class results. And these are presentations at industry conferences, not just academic.
So, this is pretty exciting. But yeah, you're not going to be able to read -- I can't even read that from here. But you can go look at the references, and this is exciting stuff.
And so, in terms of IR, we have somebody from the EMSI group here to represent us. But you can see some of activity since May, June last year. Lots of conferences attended, lots of PR about our technology. You'll find that on our website. Our institutional ownership, as you can see there, has really significantly increased over the last year and 18 months. Lots of buy side and sell side meetings. We're on the Russell 2000. So extremely active in the investor community, and it's exciting times for us. And in terms of PR, lots of PR around. So you can certainly look up Lightwave Logic, LWLG, gets lots of different activities, interviews, white papers, different types of presentations. And for Jim and I, it's been really exciting last 18 months here.
So to summarize, and I'm down to about five minutes, great material science. We're using that material science, our chromophores and our polymers, we've put that into devices called modulators. Modulators switch light really quickly, they're used on the internet everywhere in millions today. Today the semiconductor, the performance of our polymers exceeds that and you design them into a PIC. A PIC is a photonic integrated circuit as opposed to an electronic integrated circuit which is what you see microprocessors but the photonics call and picks. We've got high speed design, we've got a powerful patent portfolio, there's huge market opportunities and that's been accelerated in the last 12 months with GAI. Our business model is selling components, licensing the materials and tech transfer to foundries.
We've got material and device data sheets available and we have, I haven't gone into this too much, world-class board of directors and a technical advisory board with some of the best technical people from around the world. And so, yeah, it's for me and Jim, this is a great team.
And the takeaways, I mean, I've got four takeaways here. I mean, our technology is competitively superior and unique. We continue to increase our commercial progress. And with our partners, we are positioned to scale the polymers for optical networking and the internet.
And we have the team resources and the plans in place to really make polymers ubiquitous.
And that's really the exciting thing about this technology.
Thank you very much.
Michael, certainly appreciate you walking us through the Lightwave Logic story.
And now I'll open up for any questions.
Thank you.
Bye.
LWLG Wainwright presentation
I have it as a .WAV file. I can attach it to an email, but I can't figure out how to post it on this thread 🤔
Proto, I know that is what was posted, but it is available on the Wainwright website, but there was no Q & A. If you would like a copy send me an email address to send it to
Proto did you listen to the Wainwright presentation. It is on the Wainwright site, but not on the LWLG website Duh??
But the question and answer segment was not on the W site
Did anyone listen to the Wainwright presentation. It is on the Wainwright site, but not on the LWLG website Duh??
But the question and answer segment was not on the W site
Is today’s presentation on line or only for live attendees ?
.
GFS More speed, lower power
https://finance.yahoo.com/news/globalfoundries-announces-9sw-rfsoi-technology-170000391.html