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BNTX BioNTech SE

122.38
5.24 (4.47%)
06 Feb 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
BioNTech SE NASDAQ:BNTX NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  5.24 4.47% 122.38 120.01 124.00 124.37 118.25 118.25 870,908 00:15:44

CureVac Shares Hit All-Time Low on German Patent Court Ruling

19/12/2023 5:12pm

Dow Jones News


BioNTech (NASDAQ:BNTX)
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By Dean Seal

 

Shares of CureVac fell to an all-time low after the company said a German federal court has denied the validity of an intellectual property patent related to messenger ribonucleic acid technology in Covid-19 vaccines.

The stock dropped 41% to a low of $3.41 on Tuesday. Shares have fallen by a third since the start of the year.

The German biopharmaceutical company said the German Federal Patent Court granted a nullity action filed against CureVac's patent by rival BioNTech.

The two competitors are in ongoing patent litigation involving eight CureVac intellectual property rights. Proceedings regarding the seven remaining rights will be decided individually.

CureVac said it will appeal the German court's decision.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

December 19, 2023 11:57 ET (16:57 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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