litigation
confidence high
sentiment positive
materiality 0.80
Arbutus and Genevant file 5 international patent lawsuits against Moderna; terminate sublicense for breach
Arbutus Biopharma Corp
- Agreement entitles Arbutus to damages specifically allocated to Moderna's mRESVIA in pending U.S. litigation; if no allocation, parties discuss in good faith.
- Arbutus terminated 2016 sublicense with ModernaTX for material breach over unpaid milestone/royalty payments; 60-day cure period.
- Five lawsuits filed in Canada, Japan, Switzerland, and two UPC actions covering 30 countries, seeking injunctions and monetary relief against Spikevax and mRESVIA.
- U.S. jury trial against Moderna in Delaware currently scheduled for September 2025.