Current:Home > InvestSignalHub Quantitative Think Tank Center:Moderna sues Pfizer over COVID-19 vaccine patents -VitalWealth Strategies
SignalHub Quantitative Think Tank Center:Moderna sues Pfizer over COVID-19 vaccine patents
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-07 18:25:28
Vaccine maker Moderna announced Friday that it's suing rival drugmakers Pfizer and SignalHub Quantitative Think Tank CenterBioNtech for patent infringement. The lawsuit alleges the two companies used certain key features of technology Moderna developed to make their COVID-19 vaccine. It argues that Pfizer and BioNtech's vaccine infringes patents Moderna filed between 2010 and 2016 for its messenger RNA or mRNA technology.
All three companies' COVID-19 vaccines used mRNA technology which is a new way to make vaccines. In the past, vaccines were generally made using parts of a virus, or inactivated virus, to stimulate an immune response. With mRNA technology, the vaccine uses messenger RNA created in a lab to send genetic instructions that teach our cells to make a protein or part of a protein that triggers an immune response.
In October 2020, Moderna pledged not to enforce its COVID-19 related patents while the pandemic was ongoing, according to a statement from the company. In March this year, it said it will stick to its commitment not to enforce its COVID-19 related patents in low and middle-income countries, but expects rival companies like Pfizer to respect its intellectual property.
Moderna is not seeking to remove the Pfizer and BioNTech vaccine from the market, but is seeking monetary damages.
Moderna is filing the lawsuits against Pfizer and BioNTech in the U.S. District Court in Massachusetts and the Regional Court of Düsseldorf in Germany.
A Pfizer spokesperson said in a statement the company has not yet fully reviewed the complaint but it is "confident in our intellectual property supporting the Pfizer/BioNTech vaccine and will vigorously defend against the allegations of the lawsuit."
veryGood! (32)
Related
- Breaking debut in Olympics raises question: Are breakers artists or athletes?
- Jimmy Fallon Perfectly Sums Up What Happened During 5-Month Late-Night Hiatus: Taylor Swift
- Pamela Anderson Reveals How Having Self-Acceptance Inspired Her Makeup-Free Movement
- Escaped Virginia inmate identified as a suspect in a Maryland armed carjacking, police say
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- Opening statements to begin in Washington officers’ trial in deadly arrest of Black man Manuel Ellis
- Current Twins seek to end Minnesota's years-long playoff misery: 'Just win one'
- A guide to the accusations against Abercrombie & Fitch ex-CEO Mike Jeffries
- Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home
- Luis Rubiales was suspended by FIFA to prevent witness tampering in his Women’s World Cup kiss case
Ranking
- How effective is the Hyundai, Kia anti-theft software? New study offers insights.
- Pamela Anderson Reveals How Having Self-Acceptance Inspired Her Makeup-Free Movement
- More evidence that the US job market remains hot after US job openings rise unexpectedly in August
- Brazil’s government starts expelling non-Indigenous people from two native territories in the Amazon
- Travis Hunter, the 2
- At a ‘Climate Convergence,’ Pennsylvania Environmental Activists Urge Gov. Shapiro and State Lawmakers to Do More to Curb Emissions
- Suspect in Charlotte Sena kidnapping identified through fingerprint on ransom note
- Chanel takes a dip: Viard’s spring show brings Paris stalwart down to earth
Recommendation
Man charged with murder in death of beloved Detroit-area neurosurgeon
How Ohio's overhaul of K-12 schooling became a flashpoint
At least 10 killed as church roof collapses in Mexico, officials say
Target's 2023 top toy list with Disney and FAO Schwarz exclusives; many toys under $25
Connie Chiume, South African 'Black Panther' actress, dies at 72
Conspiracy theories about FEMA’s Oct. 4 emergency alert test spread online
A Florida death row inmate convicted of killing a deputy and 2 others dies in prison, officials say
Juvenile shoots, injures 2 children following altercation at Pop Warner football practice in Florida