BY Jack Davis, The Western JournalMarch 5, 2023
1 year ago
BY 
 | March 5, 2023
1 year ago

Moderna Pays Out $400 Million in Vaccine 'Royalties' Through Deal Inked Under Fauci

Drugmaker Moderna last week announced it had paid out $400 million to settle a dispute over the company’s use of federally funded research at two universities that led to the development of a technique used in its coronavirus vaccine.

The so-called "royalties" will go to the National Institutes of Health, as well as Dartmouth and Scripps Research, where the technique was developed, according to The New York Times.

“If pharmaceutical companies are going to make billions of dollars, it seems reasonable that the scientists who helped generate some of the initial intellectual property and the universities also share some of the gains,” said Jason McLellan, a structural biologist who in 2017 led the team at the Geisel School of Medicine at Dartmouth that developed the technique.

“A lot of that will now be reinvested for future development and research,” he said.

The deal was reached in December, while Dr. Anthony Fauci was still the head of the National Institute of Allergy and Infectious Diseases, a part of NIH, according to the website FiercePharma.

The technique involves adapting the mRNA code within the vaccines to better fight off the coronavirus, the Times reported.

BioNTech, which along the Pfizer made a competing mRNA vaccine, also relied on the research and made a settlement.

“Moderna has benefited richly from government largess, and it does owe a public duty, but it’s been very begrudging and slow in acknowledging that public duty,” said Lawrence Gostin, a professor of global health law at Georgetown University.

[firefly_poll]

He called the agreement “a small token in the right direction.”

Chris Ridley, a Moderna spokesman, said the company and government “have been engaged in productive discussions since 2020 regarding the licensing of certain patents related to COVID-19 vaccines. It was always our intention to reach an agreement, and we were pleased to have done so this past December.”

The agreement includes the $400 million payout and a slice of future coronavirus vaccine sales.

“We’re doing it not to benefit shareholders. This money is going to go right back into the kind of research that enables further lifesaving drugs and into educating people,” said Kim Rosenfield, Dartmouth’s director of technology transfer.

Philip Hanlon, the president of Dartmouth, said the agreement helps form a solid research partnership for the future.

“I think this gives you a model for partnerships where the basic, curiosity-based research did happen on a campus and led to eventually creating a product which saved millions of lives,” he said.

Development of the vaccine has led to a number of court battles over who should get the profits. Reuters reported that Pfizer and Moderna are locked in a suit that will go to trial next year over whose patents were used in developing their vaccines.

According to the website FiercePharma, Moderna had about $36 billion in coronavirus vaccine sales for 2021 and 2022.

According to a study in the journal BMJ, the overall American taxpayer investment in developing the coronavirus vaccines and implementing its vaccination program was $31.9 billion.

This article appeared originally on The Western Journal.

Written by: Jack Davis, The Western Journal

NATIONAL NEWS

SEE ALL

Third Senate Democrat Urges Biden to end 2024 Campaign

In a surprising twist in the political landscape, Sen. Martin Heinrich of New Mexico has publicly requested President Joe Biden to withdraw his candidacy in…
9 hours ago
 • By Benjamin Clark

New York AG Announces Indictment in Major Ghost Gun Case

In a sweeping action against illegal firearms, New York's attorney general has unveiled a major indictment involving ghost guns. New York authorities under the auspices…
9 hours ago
 • By Benjamin Clark

Former Trump Adviser Peter Navarro Receives Warm Welcome at RNC After Prison Release

Just hours after his release from a federal prison, former Trump adviser Peter Navarro received a hero's welcome at the Republican National Convention held in…
9 hours ago
 • By Benjamin Clark

Thomas Matthew Crooks Concealed Rifle for Attack at Trump's Rally, Killed by Sharpshooter

Fox News reported that the gunman at a Trump rally hid an AR-15 rifle at the venue ahead of an assassination attempt on July 13,…
1 day ago
 • By Benjamin Clark

J.D. Vance Emotionally Overwhelmed by Wife's Speech at GOP Convention

Ohio Senator J.D. Vance was brought to tears backstage as his wife, Usha Vance, introduced him following her debut speech. According to Daily Mail, Usha…
1 day ago
 • By Benjamin Clark

DON'T WAIT.

We publish the objective news, period. If you want the facts, then sign up below and join our movement for objective news:

    LATEST NEWS

    Newsletter

    Get news from American Digest in your inbox.

      By submitting this form, you are consenting to receive marketing emails from: American Digest, 3000 S. Hulen Street, Ste 124 #1064, Fort Worth, TX, 76109, US, http://americandigest.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact.
      Christian News Alerts is a conservative Christian publication. Share our articles to help spread the word.
      © 2024 - CHRISTIAN NEWS ALERTS - ALL RIGHTS RESERVED
      magnifier