🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Arbutus and Genevant extend Moderna patent trial to 2025

EditorLina Guerrero
Published 08/05/2024, 04:26 PM
ABUS
-

Arbutus Biopharma Corp (NASDAQ:ABUS) and its partner Genevant Sciences have reached an agreement with Moderna , Inc. (NASDAQ:MRNA) to postpone a patent infringement trial related to Moderna's COVID-19 vaccine, MRNA-1273. The stipulation, filed today with the U.S. District Court for the District of Delaware, proposes a new trial start date of September 24, 2025, to allow for additional discovery time.

This legal action stems from Arbutus and Genevant's claims that Moderna's vaccine infringes on patents they hold. The requested delay is to facilitate the completion of discovery from Moderna and third parties. The revised schedule is pending the court's approval.

The lawsuit highlights the complex nature of intellectual property rights in the pharmaceutical industry, particularly concerning the high-stakes development and commercialization of COVID-19 vaccines. Arbutus, a company specializing in pharmaceutical preparations, has positioned itself in a significant legal battle with Moderna, a leading vaccine developer.

Investors and industry observers are closely monitoring the situation, as outcomes of such litigation can have material implications for the companies involved. The delay in the trial schedule indicates that both parties are preparing for a comprehensive legal process.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.