Moderna sues Pfizer/BioNTech for patent infringement over Covid vaccine

World Aug, 27 2022
Moderna sues Pfizer/BioNTech for patent infringement over Covid vaccine
  • 265
  • 0

DUBAI: Moderna is suing Pfizer and its German partner BioNTech for patent infringement in development of first Covid-19 vaccine approved in United States, alleging they copied technology that Moderna developed years before endemic. Pfizer shares fell 1.4 percent before bell while BioNTech was down about 2 percent. Lawsuit, which seeks undetermined monetary damages was being filed in US District Court in Massachusetts and Regional Court of Dusseldorf in Germany, Moderna said in a news release. “We are filing these lawsuits to protect innovative mRNA technology platform that we pioneered, invested billions of dollars in creating and patented during decade preceding Covid-19 endemic,” Moderna Chief Executive Stephane Bancel said in statement.

Moderna Inc, on its own and partnership of Pfizer Inc. and BioNTech SE were two of first groups to develop a vaccine for novel coronavirus. Just a decade old, Moderna, based in Cambridge, Massachusetts had been an innovator in messenger RNA (mRNA) vaccine technology that enabled unprecedented speed in developing Covid-19 vaccine. Germany-based BioNTech had also been working in this field when it partnered with US pharma giant Pfizer. US Food and Drug Administration granted emergency use authorisation for vaccine first to Pfizer/BioNTech in December 2020, then one week later to Moderna. Moderna’s vaccine its lone commercial product has brought in $ 10.4 billion in revenue this year while Pfizer’s vaccine brought in about $ 22 billion. Moderna alleges Pfizer/BioNTech, without permission copied mRNA technology that Moderna had patented between 2010 and 2016, well before Covid-19 emerged in 2019 and exploded into global consciousness in early 2020. Germany’s CureVac for instance also filed a lawsuit against BioNTech in Germany in July. BioNTech responded in a statement that its work was original. In Friday’s statement, Moderna said Pfizer/BioNTech appropriated two types of intellectual property. One involved an mRNA structure that Moderna says its scientists began developing in 2010 and were first to validate in human trials in 2015. “Pfizer and BioNTech took four different vaccine candidates into clinical testing, which included options that would have steered clear of Moderna’s innovative path. Pfizer and BioNTech, however, ultimately decided to proceed with a vaccine that has same exact mRNA chemical modification to its vaccine,” Moderna said in its statement.

Published in The Daily National Courier, August, 27 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

NC Monitoring Desk
NC Monitoring Desk https://www.dailynationalcourier.com/author/nc-monitoring-desk
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Russia to back Pakistan's bid for BRICS membership, says DPM Overchuk

ISLAMABAD: Russian Deputy Prime Minister Alexei Overchuk stated that Moscow supports Pakistan's inclusion in BRICS.  During joint press conference with Foreign Minister I...

Areej Chaudhary hopeful for Beauty of the World 2024 in China

Areej Chaudhary, a trailblazer in Pakistan’s pageantry scene, is set to represent her country once again on the international stage at the Beauty of the World 2024 pagea...

Train services from Quetta to other parts of country remain suspended

KARACHI: Train services from Quetta to other parts of country remain suspended for 21st consecutive day. Trains running from Quetta to major cities like Peshawar and Karachi h...

Polio cases surge in Balochistan linked to fake vaccinations

 QUETTA: Sudden rise in polio cases in Balochistan has been attributed to disturbing revelation that children are being falsely marked as vaccinated without receiving act...

More like this
Related

Imran Khan’s candidacy as chancellor Oxford University challenged by angry Protesters

KARACHI: Oxford University has a long history of upholding the highest standards of leadership, ethical behaviour, and respect for human rights — seems at odds with Imra...

'Israel could collapse within year': Israeli Gen (retd) Yitzhak

GAZA: Retired Israeli Major General Yitzhak Brik warned that Israel could face "collapse within year" if its current war against Palestinian group Hamas and Lebanese movement...

35 Pakistani pilgrims perish, 18 injured as bus overturns in Iran

TAFTAN: Bus carrying Pakistani pilgrims overturned in central Iran, killing at least 35 and injuring 18 others, state media reported. Initially, there was ambiguity about numb...

Taliban sever ties with Afghan embassies in western countries loyal to former regime

KABUL: Taliban government has severed consular ties with swathes of Afghan embassies in Western countries, Kabul said, cutting off diplomats loyal to former foreign-backed adm...
Need Help? Chat with us