Ericsson announced in December that it filed a lawsuit against Samsung in the US for allegedly violating its contractual commitments related to patent licences and royalty payments. The patent dispute may negatively affect the Swedish company’s operating income by SEK 1- 1.5 billion ($118-$177 million) per quarter starting from 2021 due to the delay of royalty payments and the potential costs of litigation.
The European Commission published in late November a new Action Plan concerning patent licensing guidelines which proposes to upgrade the bloc’s patent framework to balance intellectual property (IP) policies to help companies, particularly small and medium sized enterprises, to capitalise on their inventions amid health and economic crises, as well as digital and green transitions.
UK regulator Medicines and Healthcare Products Regulatory Authority (MHRA) has given emergency approval to Pfizer and BioNTech’s vaccine on December 2, making the UK the first country to approve a COVID-19 vaccine for widespread use.
BOTS Inc., a Puerto Rico-based blockchain and robotics firm, stated in November 2020 that it is in discussions with “a major law firm” to enforce their newly-acquired Bitcoin ATM patent against Bitcoin ATM operators in order to collect royalty payments. The company expects revenues of $14 million to $18 million annually in connection to patent enforcement.
On November 16, Moderna claimed the latest breakthrough with its vaccine candidate mRNA-1237, deemed 94.5% effective against COVID-19 — just within striking distance of Pfizer’s vaccine, which demonstrated 95% efficacy according to the pharma giant.
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