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BioNTech gets US agency notice over default on COVID vaccine royalties

Published 03/25/2024, 07:28 AM
Updated 03/25/2024, 10:51 AM
© Reuters. FILE PHOTO: Test tubes are seen in front of a displayed Biontech logo in this illustration taken, May 21, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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(Reuters) - BioNTech (NASDAQ:BNTX) said on Monday the U.S. National Institutes of Health has sent a notice to the German company regarding default on the payment of royalties and other amounts related to its COVID-19 vaccine.

BioNTech, which partnered with U.S. pharma giant Pfizer (NYSE:PFE) for its COVID-19 vaccine, however, said it disagreed with the positions being taken by the NIH and intends to defend against all allegations of breach.

Spokespersons for the U.S. NIH did not immediately respond to Reuters' request for a comment.

© Reuters. FILE PHOTO: Test tubes are seen in front of a displayed Biontech logo in this illustration taken, May 21, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

BioNTech has taken the license for certain patents from the NIH, among other entities, due to which the U.S. government is owed certain royalty payments, according to the German company's annual report.

The German government had granted BioNTech 375 million euros ($445 million) for its COVID‑19 vaccine development program in September 2020.

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