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Stock impact report

Moderna (MRNA) Climbs 16% as Arbutus-Genevant Legal Battle Clears [Yahoo! Finance]

Moderna, Inc. (MRNA) 
Last moderna, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: marinabio.com/investor-relations
Company Research Source: Yahoo! Finance
Moderna snapped a two-day losing streak on Wednesday, jumping 15.99 percent to finish at $57.80 apiece after resolving a four-year legal dispute with two biopharmaceutical companies in relation to an alleged patent infringement of their lipid nanoparticle (LNP) delivery technology. In a statement, Moderna Inc. (NASDAQ:MRNA) said that it agreed to pay a total of $2.5 billion to Arbutus Biopharma Corporation and Genevant Sciences GmbH to resolve an LNP patent infringement case, of which $950 million will be paid in lump sum in the third quarter of the year, while the remaining $1.3 billion will be settled upon the decision on its appeal to the Federal Circuit. vaccine Photo by Artem Podrez on Pexels The issue centered on Arbutus and Genevant's allegations that Moderna Inc. (NASDAQ:MRNA) used their LNP technology for its Spikevax and mRESVIA vaccines without their permission. “If Moderna ultimately prevails on that issue, no further payments will be due. If, however, the Feder Show less Read more
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