Gloves come off as Moderna fights for pandemic revenues
Threatening to upset Pfizer’s (NYSE: PFE) dominance of the multi-billion dollar coronavirus vaccine market, Moderna (Nasdaq: MRNA) is today starting legal action against the firm, claiming patent infringement.
The company has previously pledged not to enforce its patents while the pandemic continued, but as the acute phase of the health emergency recedes, Moderna is taking a more combative stance.
Since the start of the pandemic, Pfizer and co-developer BioNTech (Nasdaq: BNTX) - also a target in the litigation - have made tens of billions of dollars.
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