The greatest mash-up in medical history, the litigation over the creation of an MRNA nation — at long last, it's finally here!
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic.
Pfizer shares fell 1.4% before the bell while BioNTech was down about 2%.
The lawsuit, which seeks undetermined monetary damages, was being filed in US District Court in Massachusetts and the Regional Court of Dusseldorf in Germany, Moderna said in a news release on Friday.
I'm just gonna go ahead and leave this right here:
When you look at the numbers, the reasoning behind this does become clear:
Moderna's COVID vaccine — its lone commercial product — has brought in $10.4 billion in revenue this year while Pfizer's vaccine brought in about $22 billion.
Ahhh, so that's what it's all about:
Good luck, fellas, I think both of you should take the other for everything they've got!
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