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BioNTech intends to defend itself against all allegations of breach.
March 26, 2024
By: Charlie Sternberg
On March 22, 2024, BioNTech SE, which recently named a new CCO, received a notice of default from the NIH concerning royalties and other amounts allegedly owed on sales of the company’s COVID-19 vaccine since commercialization. A notice of default from the National Institutes of Health (NIH) is a legal step taken against a party that the NIH believes has failed to meet its obligations under a licensing agreement. BioNTech says it “disagrees with the positions being taken by the NIH and intends to vigorously defend itself against all allegations of breach.”
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