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Sequenom, Inc. Reports Financial Results For The Third Quarter Of 2013
Date:11/7/2013

methods with discovery of a natural phenomenon fails to qualify as patent-eligible subject matter in accordance with Section 101 of the patent code.

"We believe the court's decision is wrong and misapplies or ignores controlling law," said Welch. "We believe that Drs. Lo and Wainscoat invented a novel method for detecting paternally inherited fetal DNA in maternal plasma and that their invention is more than just the discovery of a natural phenomenon. We intend to appeal the court's order to the United States Court of Appeals for the Federal Circuit."In August 2013, the United States Court of Appeals for the Federal Circuit, in a 3-0 decision, vacated the District Court's order denying the Company's motion for a preliminary injunction and corrected the District Court's preliminary claim construction. The October 30 summary judgment does not impact the current competitive landscape, as the Company has competed without the benefit of the patent being recognized.

Non-GAAP Financial Measures "GAAP" refers to financial information presented in accordance with generally accepted accounting principles in the United States. To supplement the condensed consolidated financial statements and discussion presented on a GAAP basis, this press release includes non-GAAP financial measures with respect to the quarter and nine months ended September 30, 2013. Management uses non-GAAP financial measures because it believes the appropriate analysis of our performance cannot be effectively considered while incorporating the effect of items and charges that have not been experienced consistently in prior periods. The Company reported the following non-GAAP financial measures: "adjusted net loss" and "adjusted net loss per share." These non-GAAP financial measures are not in accordance with or an alternative to GAAP.

Adjusted net earnings exclude the impact of charges associated with restructuring our operations including the impairment of intangible assets. Adjuste
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SOURCE Sequenom, Inc.
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