European patent blow for coronavirus vaccine developer
In the rush to develop effective vaccines against the novel coronavirus, several companies have sued, and counter-sued, for patent infringement, with potentially billions on the line.
Leading mRNA vaccine developers Pfizer (NYSE: PFE), BioNTech (Nasdaq: BNTX) and Moderna (Nasdaq: MRNA) are all subject to litigation in multiple jurisdictions.
The latest installment in this slow-moving clash of the titans is a decision from The European Patent Office, which invalidated a patent held by Moderna, causing the American biotech’s shares to trend downwards.
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