The whole World applauded when a unique Public-Private Partnership was forged. The US Governmental agency, National Institutes of Health (NIH) and Moderna the American pharmaceutical company joined forces to confront the COVID-19 pandemic. They began with a shared vision: to come up with a vaccine against the deadly virus in the shortest time possible. The two have been in partnership for about 4 years in matters of health. Everything went on as planned. National Institute of Allergy and infectious Diseases (NIAID) under the umbrella of NIH readily shared their laboratory findings with Moderna and then Lo and behold! a vaccine mRNA 1273 or Spikevax was in the market in record time.
Moderna Covid-19 Vaccine Courtesy: wikipedia |
Moderna Headquarters, Cambridge, Massachusetts Courtesy: wikipedia |
Moderna was founded as ModeRNA Therapeutics in 2010. The name implies modified RNA the focus of the company. For Moderna it makes business sense to have full and exclusive ownership on the patent because the COVID-19 vaccine market is expected to be $19.5 billion in another 5 years. Add to this the fact that Moderna's product menu has only one item:. COVID-19 vaccine.
Tailpiece:
Reliefweb states: "Moderna’s Q3 profit before tax for 9 months ending September 30 is $7.8 billion on $11.2 billion revenue giving a pre-tax profit margin of 70 percent. The company projects full year 2021 sales to be “between $15 billion and $18 billion”. Using the lower end of the estimate —70 percent of $15 billion is $10.5 billion in profit for 2021. The vaccine is Moderna’s only commercial product."
REFERENCES:
1. Experimental Coronavirus vaccine highly effective
2. Immunogenicity and structures of a rationally designed prefusion MERS-CoV spike antigen: Jesper Pallesen et al (PNAS Aug 19, 2017)
3. What the Moderna–NIH COVID vaccine patent fight means for research
4. COVID-19 vaccine market set to touch $19.5bn by 2026
5. In shock move, US backs waiving patents on COVID vaccines
7. Moderna, escalating dispute with NIH, claims government had no role in key vaccine patent