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0 0.0340086830680174 0.0130246020260492 -0.000361794500723517 0.0311143270622286 0.0180897250361794 0.0130246020260492 0.0219971056439942
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Moderna agrees to pay up to $2.25 billion to settle COVID vaccine patent dispute [Yahoo! Finance]

Roivant Sciences Ltd. (ROIV) 
Company Research Source: Yahoo! Finance
March 3 (Reuters) - Moderna has agreed to pay Genevant Sciences, a ?subsidiary of Roivant Sciences, and Arbutus ?Biopharma up to $2.25 billion to settle a ?long-running legal fight over the technology that made its COVID-19 vaccine possible, the companies said on Tuesday. Under the deal, ?Moderna will ?pay $950 million upfront in July 2026, with an additional $1.3 billion ?that depends on the outcome of a separate legal appeal. In extended trading, ?Moderna's shares ?jumped more than ?10%, Arbutus rose ?11%, while Roivant was up about 1%. The deal resolves all U.S. and international legal actions accusing Moderna of using lipid nanoparticle, or LNP, a delivery ?technology owned by ?Genevant and Arbutus, without ?permission in ?its COVID-19 shot, Spikevax. LNP technology ?acts as a tiny ?protective shell ?that helps fragile mRNA molecules reach human cells intact, a key ?component that ?allows mRNA vaccines to work. (Reporting ?by Kamal Choudhury in Bengaluru; Editing ?by Al Show less Read more
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