Pfizer Stock Faces a Fresh COVID Patent Overhang as Investors Wait for Its Next Growth Act
Acuitas Therapeutics has failed in its attempt to shield Pfizer Inc. and BioNTech’s Comirnaty COVID-19 vaccine from GSK’s patent claims, after a Delaware federal judge tossed the case. Judge Gregory Williams sided with GSK’s subsidiaries, dismissing the Acuitas action for lack of subject-matter jurisdiction. In effect, the court said it didn’t have the authority to hear the suit as filed, leaving the broader patent dispute over the high-profile vaccine unresolved. The ruling stops short of saying if Comirnaty actually infringes on GSK’s patents. For Pfizer, that distinction is pressing: the company is working to steer investors’ attention away from its COVID lineup and onto potential growth in cancer, blood thinners, and obesity drugs, especially in the wake of a sharp sales reset during the pandemic.