Connect with us

Pennsylvania

Penn expecting $467M windfall from COVID-19 vaccine royalty dispute

Published

on

Penn expecting 7M windfall from COVID-19 vaccine royalty dispute


Penn Medicine researchers Katalin Karikó Ph.D., and Dr. Drew Weisman Ph.D., won the 2023 Nobel Prize in Medicine for their work on mRNA technology that contributed to the COVID-19 vaccine research.

Patents typically last about 20 years. The university holds at least four patents for its mRNA technology across the United States and Europe.

Researcher Karikó, an adjunct professor at Penn Medicine for 36 years, worked as a senior vice president for BioNTech between November 2013 and October 2022, according to her LinkedIn profile. She is considered an external consultant for the company as of Jan. 2, according to its website.

The COVID-19 vaccine, also known as Comirnaty, generated about $5 billion in sales in 2024.

Advertisement

As part of the deal, pharmaceutical giant Pfizer is expected to chip in $170 million for the Penn royalties and $364 million towards the NIH royalties owed.

As a company, BioNTech generated about $3.9 billion in revenue during 2023, down from $17.7 billion in 2022. BioNTech estimated 2024 revenue to be between $2.7 billion and $3.3 billion.

The university licensed its mRNA patents to several companies between April 2010 and August 2020, including Epicentre Technologies Corp., mRNA Biotherapeutics Inc. and Cellscript.

In 2017, BioNTech sublicensed the university mRNA technology from Cellscript and expects to keep developing more pharmaceutical medications, such as cancer treatments and flu vaccines, using the university patented technology.

Licensing revenue at the University of Pennsylvania has been a substantial revenue stream for the Philadelphia institution since the COVID-19 pandemic began.

Advertisement

In fiscal 2021, the university collected $300 million in license revenue. In fiscal years 2022 and 2023, the university garnered $1 billion each year. During fiscal year 2024, it reported $466 million in licensing revenue.

In May 2024, Penn Medicine researchers developed an mRNA vaccine for the H5N1 avian flu, leveraging prior COVID-19 vaccine research. The research was funded by the National Institute of Allergy and Infectious Diseases, National Institutes of Health and the Department of Health and Human Services.

The Duke University Human Vaccine Institute was awarded $7 million from the federal health agencies to conduct clinical trials in early 2025.

But for the commercialization of such research, the university relies on pharmaceutical manufacturers to license such patents and take the drug to market.

It was not immediately clear which companies, if any, have licensed the experimental avian flu technology.

Advertisement



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pennsylvania

It’s back: What is ‘senior assassin’ and why are Pennsylvania police warning against it?

Published

on

It’s back: What is ‘senior assassin’ and why are Pennsylvania police warning against it?


As high school graduation season approaches, so does a rise in teens participating in a popular game known as “senior assassin.”

The Swatara Township Police Department is asking parents to speak with their kids about the risks associated with the game, where students try to “eliminate” each other by spraying each other with water guns or squirt bottles.

“The game is played outside of school hours and away from school property but has been reported to be causing disruptions and posing risks to participants and bystanders alike,” police wrote Tuesday in a news release.

READ MORE | What is the ‘Senior Assassin’ game?

Advertisement

The police department said there have been reports of students playing the game outside of local businesses and alarming the public.

There are online resources that advise students avoid private property and use brightly-colored water guns, police said, but not all students are following those rules.

Police said some students have used paintball guns, which can lead to injuries.

“We urge parents and guardians to speak with their children about the potential risks associated with participating in this game and to discourage them from taking part,” the Swatara Township Police Department wrote. “The safety of students and community members is our top priority, and we must work together to ensure a safe and respectful environment for everyone.”

Another Pennsylvania police department out of Bucks County, the Buckingham Township Police Department, said the game sometimes results in 911 calls reporting “armed subjects.”

Advertisement

“In case you are unfamiliar, Senior Assassin is a game that involves high school students ‘stalking’ and ‘shooting’ each other with water guns in an attempt to be the last senior standing,” Buckingham Township police wrote. “We have heard that some students are using Nerf guns or silly string. Think of this game as ‘hide and seek.’”

The Northern Lancaster County Regional Police Department also spoke out about the game back in 2023, warning that students sometimes use water pistole that could easily be confused for real firearms.

“This behavior, though intentionally innocent, could easily be perceived, reported, or confronted as suspicious behavior by unknowing persons and outcomes could have serious consequences,” the police department had said.

PREVIOUS COVERAGE | ‘Senior Assassination’ game among high schoolers concerns police in Lancaster County

While the Buckingham Township Police Department said it does not condone the game, it offered the following safety tips for students who might decide to play anyway:

Advertisement
  • Do not use realistic-looking weapons; use clearly identifiable, brightly colored water guns.
  • Do not wear masks or behave in ways that would make a reasonable person to believe you are a threat.
  • Avoid trespassing on private property or playing in public spaces, especially at night.
  • Immediately comply with any police officer’s instructions and stop playing if instructed to do so.



Source link

Continue Reading

Pennsylvania

Pine-Richland board reverses controversial library book policy in final reading

Published

on

Pine-Richland board reverses controversial library book policy in final reading






Source link

Continue Reading

Pennsylvania

Monday is the last day to register to vote in this month’s primary election in Pennsylvania

Published

on

Monday is the last day to register to vote in this month’s primary election in Pennsylvania


Monday, May 4, 2026 7:08PM

Monday is last day to register to vote in Pennsylvania primary

HARRISBURG, Pa. — Monday the last day to register to vote in this month’s primary election in Pennsylvania.

If you haven’t registered yet, you can do so in person at your county election office, or at a PennDOT facility along with other government agencies.

The last day to request a mail-in or absentee ballot is May 12th.

Those ballots must be received by your county elections office by 8 pm on May 19th which is primary day.

Advertisement

Polls will be open on May 19th from 7am until 8pm.

Pennsylvania has a closed primary system.

This means that Republican voters can vote only for Republican candidates and Democratic voters can vote only for Democratic candidates.



Source link

Advertisement
Continue Reading
Advertisement

Trending