Patent ruling could make dent in Moderna vaccine windfall
Coronavirus vaccine developer Moderna (Nasdaq: MRNA) may have to pay royalties on its multi-billion dollar selling jab, thanks to a decision in a US court.
The verdict caused shares in the East Coast, USA-based company to fall sharply on Wednesday, over 11%, and a further 5% in after hours trading.
Judges in a federal appeals court upheld an earlier ruling, from the US Patent and Trademark Office (USPTO), that certain patents related to a novel lipid formulation used in the product should not be invalidated.
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