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Why Amyris Shares Dropped 26% Today

TheMotleyFool

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Why Amyris Shares Dropped 26% TodayPhoto, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png

Shares of industrial biotechnology company Amyris (NASDAQ: AMRS) plummeted as much as 30% today after it was accused in a lawsuit of patent infringement and trade secret misappropriation. Shares closed the session down 26%.

Privately held cannabinoid company, LAVVAN, said in its lawsuit that Amyris is using intellectual property (IP) licensed solely to LAVVAN and has misappropriated LAVVAN's trade secrets.

Image source: Getty Images.

Source Fool.com

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