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Should Novavax Be Worried About Losing IP Rights?

Should Novavax Be Worried About Losing IP Rights?

On Wednesday, President Joe Biden announced that his administration supported the waiver of intellectual property (IP) rights for COVID-19 vaccines in negotiations at the World Trade Organization (WTO). Is this a danger for Novavax (NASDAQ: NVAX) investors? One important point is that Biden's announcement is not a law or a verdict in a patent case.