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Stock impact report

BioNTech sues Moderna for patent infringement over COVID-19 shots [BNN Bloomberg (Canada)]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Company Research Source: BNN Bloomberg
The lawsuit said that mNEXSPIKE, Moderna's next-generation COVID shot approved by the U.S. Food and Drug Administration in 2025, violates BioNTech's rights in technology for a streamlined messenger RNA-based vaccine design that can be given to patients at a lower dosage. Moderna sued BioNTech and its partner Pfizer for patent infringement over Comirnaty in 2022, in a lawsuit that is ongoing. The cases are among a wave of patent lawsuits from biotech companies seeking royalties for the technology used in the blockbuster vaccines. A Moderna spokesperson said that the company would defend itself against BioNTech's case. BioNTech did not immediately respond to a request for comment on the new lawsuit. Spokespeople for Pfizer, which is not directly involved in the lawsuit, also did not immediately comment. mNEXSPIKE is expected to account for 55% of Moderna's COVID vaccine revenue through the 2025-26 respiratory virus season, BioNTech's lawsuit said. COVID vaccine revenues have Show less Read more
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