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-0.00602150537634419 -0.00645161290322586 -0.00215053763440856 0.00645161290322586 -0.0602150537634409 -0.0365591397849462 -0.0376344086021505 -0.0376344086021505
Stock impact report

Moderna shares jump as settlement removes major legal overhang [Yahoo! Finance]

Arbutus Biopharma Corporation (ABUS) 
Last arbutus biopharma corporation earnings: 11/6 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.arbutusbio.com/node/5806
Company Research Source: Yahoo! Finance
with Arbutus Biopharma and Genevant Sciences related to its COVID-era vaccines. Moderna said the agreement “provides certainty going forward” across its infectious disease portfolio, including candidates such as mNEXSPIKE and mCOMBRIAX, with no future royalties owed. Under the settlement, Moderna will pay $950 million in the third quarter of 2026 and record the charge in the first quarter. The company will also appeal the District Court's Section 1498 ruling, arguing its government-contractor immunity limits liability. Moderna said no accrual has been booked for a potential additional payment of up to $1.3 billion because a loss “is not considered probable.” If the appeal ultimately succeeds at any stage, Arbutus and Genevant would refund any additional payment with interest. Chief Executive Officer Stéphane Bancel stated that resolving the matter “removes uncertainty and allows us to turn our full focus to Moderna's exciting near-term future,” highlighting expectations for Show less Read more
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