financetom
Business
financetom
/
Business
/
Pfizer vs Moderna battle over COVID vaccine patents begins in UK
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Pfizer vs Moderna battle over COVID vaccine patents begins in UK
Apr 23, 2024 5:19 AM

LONDON (Reuters) - Pfizer ( PFE ) and BioNTech asked a London court to revoke rival Moderna's ( MRNA ) patents over technology key to the development of vaccines for COVID-19, as the latest leg of a global legal battle began on Tuesday.

Pfizer ( PFE ) and its German partner BioNTech sued Moderna ( MRNA ) at London's High Court in September 2022, seeking to revoke patents held by Moderna ( MRNA ), which hit back days later alleging its patents had been infringed.

The competing lawsuits over the companies' two vaccines, which helped save millions of lives and made the companies billions of dollars, are just one strand of ongoing litigation around the world which focuses on messenger RNA (mRNA) technology.

Moderna ( MRNA ) says Pfizer ( PFE ) and BioNTech copied mRNA advances it had pioneered and patented well before the COVID-19 pandemic began in late 2019.

U.S.-based Moderna ( MRNA ) is seeking damages for alleged infringement of its patents by Pfizer ( PFE ) and BioNTech's Comirnaty shot on sales since March 2022.

Pfizer ( PFE ) made $11.2 billion in sales from Comirnaty last year, while Moderna ( MRNA ) earned $6.7 billion from its vaccine Spikevax, illustrating the potentially huge sums at stake.

Pfizer ( PFE ) and BioNTech, however, are asking the High Court to revoke Moderna's ( MRNA ) patents, arguing that Moderna's ( MRNA ) developments of mRNA technology were obvious improvements on previous work.

The London lawsuits have been split into three separate trials, with one due to consider Moderna's ( MRNA ) 2020 pledge not to enforce its vaccine-related patents during the pandemic starting next.

Pfizer ( PFE ), BioNTech and Moderna ( MRNA ) are also involved in parallel proceedings in Germany, the Netherlands, Belgium and the United States, much of which has been put on hold, as well as at the European Patent Office.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
National Bank Reviews Maple Leaf Foods Q1
National Bank Reviews Maple Leaf Foods Q1
May 26, 2025
01:19 PM EDT, 05/09/2025 (MT Newswires) -- Maple Leaf Foods ( MLFNF ) reported first-quarter adjusted EPS of $0.43 versus National Bank at $0.25 and consensus at $0.27. Last year was $0.04. According to analyst Vishal Shreedhar, the strong first quarter performance was aided by sales growth, and better than expected gross margin expansion. We believe MFI is demonstrating continued...
BRIEF-Bookrunner Says Qualco Group IPO Priced At EUR 5.46 Per Share
BRIEF-Bookrunner Says Qualco Group IPO Priced At EUR 5.46 Per Share
May 26, 2025
May 9 (Reuters) - Bookrunner: * QUALCO GROUP: IPO PRICED AT EUR 5.46 PER SHARE - BOOKRUNNER ...
SOL Global Investments Announces US$1 million Strategic Investment into McQueen Labs
SOL Global Investments Announces US$1 million Strategic Investment into McQueen Labs
May 26, 2025
01:23 PM EDT, 05/09/2025 (MT Newswires) -- SOL Global Investments ( SOLCF ) on Friday said it made a US$1-million strategic investment into McQueen Labs' MCQ Markets for digital tokenization of investment-grade collector cars. This investment in MCQ Markets highlights the innovative potential of tokenization, breaking down barriers traditionally associated with luxury ownership and transforming the collector car industry for...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved