From a strictly economic standpoint, ABUS should settle the patent case, IMO, because MRNA has the resources to drag the case out for years and ABUS is hardly a lock to prevail in an eventual trial (and appeal).
However, I have a hunch that ABUS is disinclined to settle; they want to have something cooking to divert investors’ attention from the not-so-hot HBV pipeline.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”