Dec 27 (Reuters) - BioNTech has entered into
two separate settlement agreements with the U.S. National
Institutes of Health and the University of Pennyslvania over the
payment of royalties related to its COVID-19 vaccine, the
company said in filings on Friday.
The German company, which partners with U.S. pharma giant
Pfizer ( PFE ) for its COVID-19 vaccine, said it would pay
$791.5 million to the U.S. agency under the agreement.
BioNTech has taken the license for certain patents from
the NIH, among other entities, due to which the U.S. government
is owed certain royalty payments.
Separately, the company will pay $467 million to the
University of Pennyslvania, which will dismiss a lawsuit brought
against the vaccine maker accusing it of underpaying royalties.
Penn's lawsuit said that BioNTech received a sublicense
to the school's technology through another company in 2017,
which it later used to develop the vaccine, Comirnaty, with
Pfizer ( PFE ).