Moderna loses patent fight against Arbutus related to vaccines; Arbutus up 40%
A federal appeals court has upheld a ruling by the U.S. Patent and Trademark Office to not invalidate patents held by $Arbutus Biopharma(ABUS.US$, dealing a blow to $Moderna(MRNA.US$.
The court ruled that Moderna had no standing to appeal.
The patents in question cover a novel lipid formulation for nucleic acid delivery. These lipid nanoparticles are essential to protect mRNA therapies as they travel through the body to cells.
As a result, Arbutus may be eligible for royalties from Moderna from sales of its COVID-19 vaccine.
Moderna had argued that the claims in the patents were obvious and upholding them would open the company to patent infringement lawsuits.
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Carlo Bevans : Another buying op. This will turnout to be yet another big, fat nothing burger.
Mariela Angolo : So this was all known before, why the stock up so much?
Cocilia Pace : It seems some smart guys entering this chat now (with the stock at $6.50)...
Casilla Swinzai : This was a no brainer. Nice to see big gains after suffering losses in some of my other holdings.
Primaveraaa Casilla Swinzai: Are you net ahead?
21th Wall Primaveraaa: overall yes but YTD -11%
Lenny Waite : SO HOW MUCH ROYALTY THEY GET?? Also is there any other litigation out there?? I agree there should be a litigation page.
Homer Fendrick Lenny Waite: not a lot, assume 20% for now (less than 10% directy combined with their to be diluted ownership of the licencee)...
Geminiasianboi Homer Fendrick: Yeah, but you would have to look over all MRNA's pipelines, ABUS own them as well, so more for ABUS
moonoooooo : Ouch MRNA losing that patent appeal with Arbutus. Worth checking this snippit of the Court's Opinion here. If I'm MRNA you either settle quickly or buy them out. Why continue to pay the lawyers if your patent cases have no merits?
https://twitter.com/PunditPatent/status/1466059929924603915/photo/1
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