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1. US court orders Guardant Health to pay $245 million for cancer patent infringement

US court orders Guardant Health to pay $245 million for cancer patent infringement A federal judge has finalized a judgment ordering pharma giant Guardant Health to pay more than $245 million to Seatt

US court orders Guardant Health to pay $245 million for cancer patent infringement

US court orders Guardant Health to pay $245 million for cancer patent infringement A federal judge has finalized a judgment ordering pharma giant Guardant Health to pay more than $245 million to Seattle-based biotech startup TwinStrand Biosciences and the University of Washington for willfully infringing on patented DNA sequencing technology. District Court for the District of Delaware, formalizes an initial November 2023 jury verdict against Guardant. In addition to the upfront payout, the ruling guarantees TwinStrand and the university an ongoing 6% royalty on covered Guardant products through the expiration of the patents in March 2033. TwinStrand was spun out of the University of Washington in 2015 to commercialize the platform. Among its co-founders is molecular biologist and oncologist Dr Jesse Salk—grandson of polio vaccine developer Jonas Salk—who served as CEO until 2022 and now co-leads cancer diagnostics firm CytoTerra. Since its founding, TwinStrand has drawn backing from prominent venture firms, including Madrona Venture Group, Soleus Capital, and Section 32, the latter of which led a $50 million Series B round in 2021. The dispute centers on 'Duplex Sequencing,' a breakthrough method developed at the University of Washington that increases the accuracy of next-generation DNA sequencing by more than 10,000-fold. By eliminating standard sequencing errors, the technology allows clinicians and researchers to detect ultra-rare genetic mutations critical for early cancer detection and monitoring.

2. Khaitan & Co, Trilegal act on SPR Auto Technologies ₹1,000 crore QIP

Khaitan & Co, Trilegal act on SPR Auto Technologies ₹1,000 crore QIP SPR Auto Technologies Limited (formerly Shriram Pistons & Rings) has made a qualified institutional placement of 2,336,448 equity s

Khaitan & Co, Trilegal act on SPR Auto Technologies ₹1,000 crore QIP

Khaitan & Co, Trilegal act on SPR Auto Technologies ₹1,000 crore QIP SPR Auto Technologies Limited (formerly Shriram Pistons & Rings) has made a qualified institutional placement of 2,336,448 equity shares aggregating to ₹1,000 crore. Khaitan & Co advised SPR Auto Technologies on this QIP. The transaction team consisted of Gautham Srinivas (Partner), Sathvik Ponnappa (Partner), Pulkit Singh Rahangdale (Principal Associate), Avinash Gautam (Senior Associate), Associates Anushaka Sharma, Shambhavi Gautam and Rishav Khetan. Trilegal advised the lead managers to the Issue, Axis Capital Limited and Emkay Global Financial Services Limited. The transaction was led by Vinay Sirohia (Partner), with support from Shashwat Raj Solanki (Senior Associate), Associates Sheetal Kumar, Olivia De and Apoorva Chander; Trainee Associates Pratik Basistha and Sanchit Gupta. SPR Auto Technologies is one of India’s leading automotive component manufacturers, with a heritage of over five decades as part of the Shriram Group. The Company has grown from a manufacturer of pistons, piston pins, piston rings and engine valves into a diversified, technology-driven engineering group offering a broad portfolio of powertrain and powertrain-agnostic products for the automotive and non-automotive sectors. If you would like your Deals, Columns, Press Releases to be published on, please fill in the form available here.

3. Oriental Hotels merges into The Indian Hotel Company; Cyril Amarchand Mangaldas advises

Oriental Hotels merges into The Indian Hotel Company; Cyril Amarchand Mangaldas advises Oriental Hotels Limited, an associate company of The Indian Hotel Company Limited, is set to merge with and into

Oriental Hotels merges into The Indian Hotel Company; Cyril Amarchand Mangaldas advises

Oriental Hotels merges into The Indian Hotel Company; Cyril Amarchand Mangaldas advises Oriental Hotels Limited, an associate company of The Indian Hotel Company Limited, is set to merge with and into IHCL by way of a Scheme of Arrangement, approved by the boards of both companies on August 24, 2026. Cyril Amarchand Mangaldas advised IHCL on this merger. The transaction team included Pranay Chandran (Partner), Pranav Sharma (Senior Associate), Associates Naman Jain and Ajitesh Arya. Avaantika Kakkar (Partner, Head - Competition). with support from Ananya Mahant (Senior Associate) advised on competition aspects of the transaction. The share exchange ratio is 25 equity shares of IHCL for every 117 equity shares of Oriental Hotels, on an all-stock basis, with completion targeted in the second half of FY2028 and an Appointed Date of April 1, 2027. If you would like your Deals, Columns, Press Releases to be published on, please fill in the form available here.

4. Vidhigya Associates acts on Sunshine Pictures ₹282 crore IPO

Vidhigya Associates acts on Sunshine Pictures ₹282 crore IPO Sunshine Pictures Limited has launched an Initial Public Offering totaling ₹282.14 crore, which includes a fresh issue of 48,00,034 equity

Vidhigya Associates acts on Sunshine Pictures ₹282 crore IPO

Vidhigya Associates acts on Sunshine Pictures ₹282 crore IPO Sunshine Pictures Limited has launched an Initial Public Offering totaling ₹282.14 crore, which includes a fresh issue of 48,00,034 equity shares and offer for sale of 30,37,157 equity shares. Vidhigya Associates acted as the sole legal counsel for the offering. The transaction team consisted of Rahul Pandey (Managing Partner), Himanshu Pandey (Partner), Yash Desai (Senior Associate) and Darshi Shah (Associate). Sunshine Pictures is an entertainment content production company engaged in originating, developing, producing, marketing and distributing feature films, television serials, web series and other audio visual content. The Company has produced 13 commercial films (including self-produced and co produced films), two web series, three television serials and one short commercial film. If you would like your Deals, Columns, Press Releases to be published on, please fill in the form available here.

5. Cyril Amarchand Mangaldas acts on Nxt-Infra Trust ₹700 crore institutional placement of units

Cyril Amarchand Mangaldas acts on Nxt-Infra Trust ₹700 crore institutional placement of units Nxt-Infra Trust has made a issuance of units by way of an institutional placement to institutional investo

Cyril Amarchand Mangaldas acts on Nxt-Infra Trust ₹700 crore institutional placement of units

Cyril Amarchand Mangaldas acts on Nxt-Infra Trust ₹700 crore institutional placement of units Nxt-Infra Trust has made a issuance of units by way of an institutional placement to institutional investors, for an amount aggregating to ₹700.15 crore. Cyril Amarchand Mangaldas advised Nxt-Infra Trust as well as the lead managers NovaaOne Capital Private Limited and Ambit Private Limited on this issuance of units. The capital markets team comprised Janhavi Manohar (Partner), Saksham Khokhar (Senior Associate), Ankesh Kumar (Senior Associate), Associates Molika Agrawal, Sanjana Prasad, Monusha Nambiar, Aryan Pandey and Maria Palamattom. The general corporate team comprising of Ratnadeep Roychowdhury (Partner) and Shaunak Choudhury (Associate) also advised on certain aspects of the transaction. Sponsored by Actis Highway Infra Limited, Nxt-Infra Trust is an InvIT that owns and operates road and highway assets across India. Its portfolio contains six project SPVs covering over 2,000 lane kilometers across Delhi, Haryana, Uttarakhand, Uttar Pradesh, and Maharashtra. If you would like your Deals, Columns, Press Releases to be published on, please fill in the form available here.

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