CureVac has initiated legal action against Moderna, alleging infringement on its mRNA patents concerning the Spikevax COVID-19 vaccine. This lawsuit, filed in Delaware, could influence the competitive landscape in mRNA technology, affecting both companies’ market positions and potential revenue streams.
BioNTech plans a $1.25 billion all-stock acquisition of CureVac. The deal aims to enhance mRNA cancer treatment development. CureVac's stock surged over 30% following the announcement.
EPO confirmed the validity of CureVac's patent EP 3 708 668 B1. BioNTech's opposition to the patent was largely dismissed by the EPO. A court hearing on patent infringement is scheduled for July 2025. CureVac settled a lawsuit regarding COVID-19 vaccine credit last April. CVAC shares rose 17.5% following the patent confirmation news.
CureVac plans to cut 30% of its workforce in a restructuring move. New GSK licensing deal prompts layoffs affecting global operations. Expect operating cost reductions by over 30% per year starting in 2025.
- CVAC stock is up after announcing a licensing agreement with GSK. - GSK will take over development and manufacturing of certain vaccines, providing upfront payment and milestones. - CureVac plans 30% job cuts, reducing operating costs significantly. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Corporate Developments