BioNTech inventory falls after CureVac information swimsuit, saying COVID vaccine infringes patents

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Shares of BioNTech SE
BNTX,
+5.63%

fell 0.9% in premarket buying and selling Tuesday, after CureVac N.V.
CVAC,
+4.63%

filed in Germany a patent infringement swimsuit in opposition to the biotechnology firm. CureVac stated there have been sure of its patents that had been utilized within the manufacture and sale of BioNTech and Pfizer Inc.’s COVID-19 vaccine, Comirnaty. CureVac stated whereas it does not search an injunction, and will not take authorized motion to impede the manufacturing or sale of Comirnaty, it’s searching for “truthful compensation” for infringement of its patents. CureVac’s inventory rose 0.4% in premarket buying and selling, and Pfizer shares slipped 0.8%. 12 months up to now, CureVac’s inventory has tumbled 58.5% and BioNTech shares have shed 38.9%, whereas the iShares Biotechnology ETF
IBB,
+2.16%

has dropped 21.3% and the S&P 500
SPX,
+1.06%

has shed 19.7%.

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