U.S. government got $400 million in vaccine royalties from Moderna, company says


vaccine worthy ministries(Worthy News) – Pharmaceutical company Moderna indicated this week that it had sent the U.S. government a “catch-up” payment of $400 million in connection with a patent dispute.

The company concluded an agreement with the National Institute of Allergy and Infectious Diseases (NIAID) in December of last year, establishing “a nonexclusive patent license agreement” allowing the company to use disputed technologies in its production of the COVID-19 vaccine, the Epoch Times reported.

In addition to the $400 million payment to NIAID, Moderna will “pay low single-digit royalties on future net sales of our COVID-19 vaccines,” according to Moderna CFO Jamey Mock. [ Source: Just the News (Read More…) ]

17
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Trump Pushes Gaza Phase Two Without Preconditions as Israel Presses Hamas on Hostage, Disarmament
Trump Pulls U.S. Out of 66 Global Bodies, Declares End to ‘Wasteful Globalism’ and Reasserts American Sovereignty
Death Attributed To Enhanced Immigration Enforcement In Minnesota
Deadly Swiss New Year’s Bar Fire Exposes Safety Lapses, Prompts Criminal Probe
U.S. Seizes Venezuelan Oil Tankers, Tightens Control Over Crude Exports
U.S. Seizes Russian-Flagged Oil Tanker As Washington, Moscow Trade Warnings
Pro-Palestinian Protesters Block Tel Aviv Flight At Milan Airport, Raising Security Questions
Pakistan Christians Face Deadly New Year As Church Vandalized And Father Of Three Killed
U.S. Seizes Russian-Flagged Oil Tanker As Washington, Moscow Trade Warnings
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News