Moderna suing Pfizer over Covid vaccine

Moderna sues Pfizer/BioNTech over Covid-19 vaccine patent

The US biotech company is alleging that the mRNA technology it developed before it copied the pandemic

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Moderna said it is suing Pfizer and its German partner BioEntech for patent infringement linked to the development of the first Covid-19 vaccine.

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Pfizer shares fell 1.4 percent before the bell while BioNTech fell nearly 2.0 percent.

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The lawsuit, which seeks unspecified monetary damages, was filed in the United States and Germany.

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The lawsuit, which seeks unspecified monetary damages, is being filed in the U.S. District Court in Massachusetts and the Regional Court in Düsseldorf, Germany, Moderna said in a news release on Friday, according to Reuters.

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In a statement, Moderna said Pfizer/BioNTech copied two key elements of its intellectual property.

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Pfizer said the company was not serviced and was unable to comment at this time.

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