Moderna sues Pfizer/BioNTech for patent infringement over COVID vaccine

Pfizer shares fell 1.4% before the bell while BioNTech was down about 2%

Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that Moderna developed years before the pandemic.

Pfizer shares fell 1.4% before the bell while BioNTech was down about 2%.

The lawsuit, which seeks undetermined monetary damages, was being filed in U.S. District Court in Massachusetts and the Regional Court of Dusseldorf in Germany, Moderna said in a news release on Friday.