litigation
confidence high
sentiment positive
materiality 0.75
Roivant subsidiary Genevant settles LNP patent litigation with Moderna; includes license and payments
Roivant Sciences Ltd.
- Settlement resolves all US and international patent infringement litigation between Genevant/Arbutus and Moderna over LNP technology in COVID-19 and other mRNA vaccines.
- Moderna receives broad license to Genevant/Arbutus patent rights for defined Moderna Licensed Products, including SPIKEVAX, mNEXSPIKE, mRESVIA, and certain other mRNA vaccines.
- Moderna will make a noncontingent lump-sum payment (amount redacted) and a contingent payment tied to the outcome of Moderna's appeal on the §1498 government-contractor defense.
- Parties stipulate to dismissal of US and ex-US litigation with prejudice; Moderna retains right to appeal only on the §1498 Disputed Matter.
- Moderna agrees not to challenge validity/enforceability of specified patents owned by Genevant/Arbutus.