JPMorgan downgraded NanoString NSTG) to Neutral from Overweight without a price target. On November 17, the U.S. District Court for the District of Delaware determined that NanoString’s GeoMx infringed on seven patents owned by Prognosys and exclusively licensed by 10x Genomics (TXG), the analyst tells investors in a research note. The firm remains bullish on the spatial market overall and acknowledges that NanoString’s spatial portfolio is competitive and has been getting traction across the scientific community. However, Morgan Stanley sees limited visibility given the pending litigation.
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