Source: https://finance.yahoo.com/news/moderna-agrees-pay-2-25-212613359.html
Moderna has agreed to pay Genevant Sciences, a subsidiary of Roivant Sciences, and Arbutus Biopharma up to $2.25 billion to settle a long-running legal fight over the technology that made its COVID-19 vaccine possible, the companies said on Tuesday.
Under the deal, Moderna will pay $950 million upfront in July 2026, with an additional $1.3 billion that depends on the outcome of a separate legal appeal.
In extended trading, Moderna's shares jumped more than 10%, Arbutus rose 11%, while Roivant was up about 1%.
The deal resolves all U.S. and international legal actions accusing Moderna of using lipid nanoparticle, or LNP, a delivery technology owned by Genevant and Arbutus, without permission in its COVID‑19 shot, Spikevax.
LNP technology acts as a tiny protective shell that helps fragile mRNA molecules reach human cells intact, a key component that allows mRNA vaccines to work.
Moderna +10% after-hours as Moderna agrees to pay up to $2.25B to settle COVID vaccine patent dispute
byu/callsonreddit inwallstreetbets
Posted by callsonreddit
6 Comments
Did you say COVID?
https://preview.redd.it/ioaja1vsgwmg1.png?width=500&format=png&auto=webp&s=da9689310d7565512fcfe7df8d503046f2f00c96
up 10% despite agreeing to pay out $2.2 billion? that doesn’t make sense. is $2.2B *less* than what was expected?
Scamvid
What what? So they are paying a settlement and the stock jumped? This market is so retarded.
is that the crypto I use to buy on DWMs?
Awesome! (I just bought 75c LEAPS today.)