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Stock impact report

Pfizer wins pause on Moderna's COVID-19 patent lawsuit [Reuters]

BioNTech SE - American Depositary Shares (BNTX) 
Company Research Source: Reuters
, opens new tab and BioNTech (22UAy.DE) New Tab , opens new tab copied its COVID-19 vaccine technology will be put on hold while the U.S. Patent Office determines whether two of the three Moderna patents at issue are valid, a Massachusetts federal court said on Friday. U.S. District Judge Richard Stearns stayed the closely watched case over Moderna's objections after determining that the Patent Office's rulings would "simplify" the patent-infringement lawsuit, according to an entry on the court's docket. A Moderna spokesperson said in a statement that the company was disappointed with the pause but "continues to believe in the strength and validity of its patents." Representatives for Pfizer and BioNTech did not immediately respond to requests for comment. Moderna accused Pfizer and BioNTech's vaccine of violating its patent rights in messenger-RNA technology in a 2022 lawsuit . The case is one of several brought by biotech companies seeking patent royalties from the blockbus Show less Read more
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