Pfizer, biotech firm end patent fight over COVID-19 vaccine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Pfizer, biotech firm end patent fight over COVID-19 vaccine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
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Allele Biotechnology and Pharmaceuticals Inc resolves patent dispute with Pfizer Inc and BioNTech SE over technology allegedly used in developing their COVID-19 vaccine. COVID19 Pfizer Vaccine

San Diego-based Allele Biotechnology and Pharmaceuticals Inc has resolved its patent dispute withover technology allegedly used in developing their COVID-19 vaccine, according to a filing late Tuesday in San Diego federal court.

The companies said in a joint statement provided by an Allele spokesperson on Wednesday that they had resolved the dispute “in a mutually satisfactory manner.”New York-based Pfizer said in November that it expected sales of its COVID-19 vaccine, which it developed with Germany’s BioNTech, to reach $36 billion in 2021, and estimated another $29 billion in sales in 2022.

Allele sued Pfizer and BioNTech in 2020, arguing they used its patented fluorescent protein without permission in researching, developing and testing their vaccines. It said the companies never contacted it about licensing the protein, known as mNeonGreen, calling it “the critical link in defendants’ COVID-19 vaccine development.”

Pfizer and BioNTech later denied the claims and argued the patent was invalid. A trial in the case was scheduled to begin in about a year.Allele sued Regeneron Pharmaceuticals Inc in New York the same day it sued Pfizer and BioNTech for allegedly infringing the same patent in developing its COVID-19 antibody treatment. That case is still ongoing.

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