Pfizer and BioNTech are accused of copying Moderna's technology used for its Covid-19 vaccine to create their own coronaviruses shots, which have brought tens of billions of dollars in sales.
The vaccine is prepared by a nurse.
Pfizer and BioNTech are accused of copying Moderna's "groundbreaking technology" critical to the development of their Covid vaccine.
Moderna didn't want to remove Comirnaty from the market or ask for an injunction to block future sales to make sure continued access to these vaccines.
The company will not seek damages for vaccine sales in low- and middle-income areas, as Moderna began to enforce its patents again after suspending enforcement in October 2020.
The company's chief executive said in a statement that Moderna filed the lawsuit to protect the innovative mRNA technology platform itpioneered, invested billions of dollars in creating, and patented during the decade preceding the COVID-19 Pandemic.
Moderna shares have struggled this year as Covid rates have waned and demand for vaccines has gone down.
Pfizer told Forbes that it was surprised by the litigation and will fight against the allegations.
A total of $50 billion. Pfizer and Moderna said they expected to make a lot of money from vaccine sales. Pfizer expected $32 billion in sales, while Moderna thought $19 billion.
Pfizer and BioNTech formed a partnership in 2020 to develop a vaccine against coronaviruses at the peak of the epidemic. Pfizer and BioNTech received approval for their shots from the Food and Drug Administration in December 2020. The shots protect against the coronaviruses. The technology teaches human cells how to make a spike in the coronaviruses particle that causes an immune response. Moderna has been working on the development of a vaccine for years. All three companies were able to create shots in a matter of minutes. Moderna claimed Pfizer and BioNTech should have been compensated for the Covid-19 vaccine technology they developed outside of low and middle-income countries.
It has been a long time since a resolution was reached. According to the Washington Post, patent lawsuits can last years and end up in federal appeals courts.
Moderna accuses BioNTech of copying technology.
Pfizer and BioNTech are being sued by Moderna for patent violation.
Live updates on the coronaviruses.
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