The Clap Moderna (NASDAQ: MRNA) is filing a lawsuit against Pfizer (NYSE: PFE) and its German partner BioNTech.
The Deets Moderna claims that the COVID-19 vaccine, developed by Pfizer and BioNTech, infringes its patents as it uses messenger RNA (mRNA) technology, a technique that Moderna filed for patent rights between 2010 and 2016.
Pfizer and BioNTech mirrored this technology to develop the “Comirnaty” vaccine without Moderna’s permission.
Why this Matters The mRNA technology was crucial to developing coronavirus vaccines as it was used in the “Moderna” and “Spikefax” vaccines, which Moderna developed.
What Now Moderna demands that they are awarded monetary damages ahead of the US District Court and the Düsseldorf Regional Court in Germany.