Roivant unit settles LNP patent suit with Moderna for $2.25 billion; buyback raised to $1 billion
Genevant and Arbutus, both tied to Roivant, agreed to settle their patent infringement litigation against Moderna over LNP technology in its COVID-19 vaccines. Moderna will pay $950 million by July 8, 2026, plus a contingent $1.3 billion tied to a Federal Circuit appeal on 28 U.S.C. §1498. Roivant's board also raised its share repurchase authorization to $1.0 billion, including the previously approved $500 million.
- Moderna to pay a noncontingent $950 million lump sum on or before July 8, 2026
- Additional $1.3 billion contingent payment depends on the Federal Circuit's §1498 ruling; a partial outcome yields a prorated amount
- Board increased the share repurchase program to up to $1.0 billion, funded with cash on hand, with no expiration date