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NEW — NIH to Receive Over $1.1 BILLION in Royalty Payments from BioNTech & Pfizer for the COVID Vaccine
“BioNTech has entered into two separate settlement agreements with the U.S. National Institutes of Health and the University of Pennsylvania over the payment of royalties related to its COVID-19 vaccine, the company said in filings.
The German company, which partners with U.S. drugmaker Pfizer for its COVID-19 vaccine, said on Friday it would pay $791.5 million to the U.S. agency to resolve a default notice.
Separately, the company will pay $467 million to the University of Pennsylvania (Penn), which has agreed to dismiss a lawsuit brought against the vaccine maker accusing it of underpaying royalties.
BioNTech said partner Pfizer will reimburse it for up to $170 million of the royalties payable to Penn and $364.5 million of the royalties paid to the National Institutes of Health (NIH) for 2020-2023 vaccine sales.
The U.S. government is owed royalty payments under the terms of the license BioNTech has taken for certain patents owned by the NIH, among other entities.”
Source: Reuters:
https://www.reuters.com/business/healthcare-pharmaceuticals/biontech-enters-settlement-with-us-agency-upenn-over-covid-vaccine-royalties-2024-12-27/
https://x.com/TheChiefNerd/status/1873717619590566198
The IVIES need to be investigated ~ paging @DOGE:
https://x.com/TeamRealityCT/status/1873813854255538288