all right. We have to get to some breaking
news this morning this coming out just a short while
ago. Covid vaccine maker Moderna says it will sue
Pfizer and biontech for copying the M. R.
N. A. Technology used in both Covid vaccines
. Moderna is seeking damages from the biotech arrival for
allegedly infringing on several of its patents covering messenger RNA
vaccine technology. Moderna says it will not be looking
to block the fighter and via contact vaccine from being
sold or administered. We have a statement here from
the Moderna Ceo Stefan bank Well and he says,
quote, we are filing these lawsuits to protect the
innovative, innovative M. RNA technology platform that we
pioneered, invested billions of dollars in creating and patented
during the decade preceding the covid 19 pandemic. This
obviously a major story has these, these stocks moving
as a result of I wonder given the unique circumstances
of COVID-19, how elevated the fear and concern was
around the pandemic and finding a cure and a vaccine
. If there will be any caveats in the legal
system to protect potentially if in fact these are true
, this is the allegation right now. But if
in fact this is true to protect biontech and moderna
because at that point in time there was just a
race to get as many people vaccinated as possible to
save as many lives as possible. So that may
be just the thing that they need to say,
hey, we were just scrambling to get people safe
and so maybe it will protect them. Maybe it
was because at the end of the day, they
still allegedly copied this, you know, and patent
infringement is very, very, uh, very important
. And obviously the law takes that into account here
in the US pretty strictly. But again, these
were unprecedented times. So I imagine that is potentially
if in fact this was a cop being an infringement
, that may be an argument in court. And
I don't know that we've ever had something that historically
have historical reference to. So maybe it takes this
makes president I don't know if it makes you think
, what proof do they have? Like did someone
that worked at one company transfer over to that company
and took information with them? Because they could say
, oh well we discovered it on our own.
You know, we just messed around as scientists and
did it. So it'll be interesting to follow the
story and see how it all pans out. This
will be a big one that will continue to follow
. For sure.