Moderna to Pay Up to $2.25B to Settle Patent Suit Over Covid-19 Vaccine Technology
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Moderna to Pay Up to $2.25B to Settle Patent Suit Over Covid-19 Vaccine Technology

dealbreaker
4 months ago
62 views
A patent dispute over technology key to messenger RNA Covid-19 vaccines is settling with Moderna agreeing to pay $950 million up front and potentially more than $1 billion later, a resolution that comes days before the expected trial start in litigation that has been brewing for years.The cash will go to Arbutus Biopharma and Genevant Sciences, companies in which Roivant Sciences holds ownership stakes. Moderna retains the right to appeal a narrow legal matter. But to Roivant CEO Matt Gline, the...

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