10:35 PM IST
A German court dealt a blow to razor maker Wilkinson Sword on Thursday by saying it must stop selling blades that fit on rival Gillette`s Mach 3 model.
Wilkinson`s blades, which can sell for 30 percent less than Gillette`s, infringe the Procter & Gamble subsidiary`s patent rights, a regional court in Duesseldorf said in a statement, backing a lower court ruling made last year.
But Wilkinson`s owner Edgewell Personal Care said after the verdict that the patent at issue expires on Feb. 13 and that it was confident Thursday`s ruling would be nullified in Germany`s patent court.
A spokeswoman for Gillette said: "This patent and other patents are still valid in many markets around the world, including Germany, which is why we brought this lawsuit."
"We invest heavily in innovation so it is critical that we are able to protect our advancements and the many scientists behind them," said the spokeswoman.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Power of Compounding in One-time Investment: Rs 2,00,000 investment for 35 years vs Rs 10,00,000 for 20 years; which can create larger corpus?
)
8th Pay Commission Pension Calculations: Is your current pension Rs 22,450, Rs 33,850, or Rs 39,400; know how much it can be at 2.0, and 2.08 fitment factors
)
444-Day Special FDs: SBI, IDBI, BoB and Punjab & Sindh Bank; which fixed deposit can provide highest return on your Rs 6 lakh investment?
10:35 PM IST