Setback for Moderna as court upholds Arbutus patent
After a run of positive announcements on the clinical side, mRNA therapeutics and vaccines developer Moderna Therapeutics (Nasdaq: MRNA) has been struck with a patent blow, knocking 10% off its share price.
A ruling from the US Patent and Trademark Office (USPTO) has found that an Arbutus Biopharma (Nasdaq: ABUS) patent should not be revoked, as the firm had requested.
Moderna argued the patent, which relates to lipid nanoparticle (LNP) technology, should be annulled as being too obvious.
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