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Aug. 4, 2022, 6:49 a.m. EDT

BioNTech (US: BNTX) And Pfizer (US: PFE) Files Petition Against CureVac BV (US: CVAC) Over Patent Breach

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/zigman2/quotes/214419716/composite BNTX +0.25% /zigman2/quotes/202877789/composite PFE -2.33% /zigman2/quotes/219999729/composite CVAC -2.19%

Aug 04, 2022 (WallStreetPR via Comtex) -- Manufacturer of the COVID-19 vaccine BioNTech /zigman2/quotes/214419716/composite BNTX +0.25% and partner Pfizer /zigman2/quotes/202877789/composite PFE -2.33% announced on Tuesday that they had lodged a petition with the US District Court in Massachusetts, requesting for a ruling that their actions did not violate US patents claimed by rival CureVac BV /zigman2/quotes/219999729/composite CVAC -2.19% .

CureVac accused of trying to take advantage of BioNTech's COVID-19 vaccines

Following the failure of CureVac's efforts to develop its own vaccine, the complaint, submitted on Monday, claimed that CureVac is attempting to capitalize on the popularity of BioNTech and Pfizer's COVID-19 vaccinations.

As a result of BioNTech's utilization of mRNA tech, CureVac, at the start of this month, launched a patent case in Germany versus the company. In addition, CureVac did not exclude taking additional legal proceedings versus BioNTech's collaborator Pfizer or competing for mRNA vaccine manufacturer Moderna Inc. /zigman2/quotes/205619834/composite MRNA -0.37% .

According to BioNTech, CureVac's US patents are identical to the German patent rights that CureVac used in the German legal proceeding. Curevac had also filed a complaint against BioNTech for intellectual property rights infringement.

BioNTech and Pfizer urged the Boston court to rule that its Comirnaty vaccine doesn't infringe upon three RNA-based vaccine-related CureVac patent rights. The businesses testified before the court that Comirnaty doesn't operate similarly to the patented technology used by CureVac.

Several firms have filed suits against BioNTech, Pfizer, and Moderna

The vaccines use lipid nanoparticles (LNPs) to carry the molecules effectively into the body, and one of the patents relates to messenger RNA (mRNA) coupled to LNPs. This year, several biotech firms have filed US patent cases against Pfizer, BioNTech, and Moderna regarding the LNP technology utilized in their COVID-19 vaccines.

According to Pfizer, $32B in sales from Comirnaty are anticipated this year.

Although it hadn't yet received official service, CureVac said in a release that it was informed of BioNTech's legal action but is yet to be served formally. However, the company added that it would review the matter in detail and then represent its position accordingly.

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer . While reading this article one must assume that we may be compensated for posting this content on our website.

The post BioNTech And Pfizer Files Petition Against CureVac BV Over Patent Breach appeared first on Wall Street PR .

COMTEX_411569120/2770/2022-08-04T06:49:02

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/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 137.53
+0.34 +0.25%
Volume: 591,383
Oct. 6, 2022 4:00p
P/E Ratio
2.63
Dividend Yield
0.00%
Market Cap
$33.29 billion
Rev. per Employee
$7.80M
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/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 43.09
-1.03 -2.33%
Volume: 22.07M
Oct. 6, 2022 4:03p
P/E Ratio
8.44
Dividend Yield
3.71%
Market Cap
$247.62 billion
Rev. per Employee
$1.28M
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/zigman2/quotes/219999729/composite
US : U.S.: Nasdaq
$ 8.04
-0.18 -2.19%
Volume: 136,719
Oct. 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.54 billion
Rev. per Employee
$147,610
loading...
/zigman2/quotes/214419716/composite
US : U.S.: Nasdaq
$ 137.53
+0.34 +0.25%
Volume: 591,383
Oct. 6, 2022 4:00p
P/E Ratio
2.63
Dividend Yield
0.00%
Market Cap
$33.29 billion
Rev. per Employee
$7.80M
loading...
/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 43.09
-1.03 -2.33%
Volume: 22.07M
Oct. 6, 2022 4:03p
P/E Ratio
8.44
Dividend Yield
3.71%
Market Cap
$247.62 billion
Rev. per Employee
$1.28M
loading...
/zigman2/quotes/219999729/composite
US : U.S.: Nasdaq
$ 8.04
-0.18 -2.19%
Volume: 136,719
Oct. 6, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.54 billion
Rev. per Employee
$147,610
loading...
/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 125.15
-0.47 -0.37%
Volume: 2.36M
Oct. 6, 2022 4:00p
P/E Ratio
3.82
Dividend Yield
N/A
Market Cap
$49.14 billion
Rev. per Employee
$8.47M
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