Biden Backs Waiver of Patents for COVID Vaccines
The Biden administration announced Wednesday that it will support international efforts led by India and South Africa to waive intellectual property protections for coronavirus vaccines.
The U.S. and other wealthy nations - including the European Union - previously opposed the waiver and argued it would disincentivize pharmaceutical companies from innovating products to fight the current pandemic and those that arise in the future.
U.S. Trade Representative Katherine Tai released a statement which explained the Biden administration supports taking the “extraordinary measures” of waiving the patents, but cautioned that the process of doing so will take time:
“The Administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for COVID-19 vaccines. We will actively participate in text-based negotiations at the World Trade Organization (WTO) needed to make that happen..."
Pfizer CEO Albert Bourla said in an interview Tuesday that the notion of a forced patent waiver is “so wrong” and doesn’t make sense because simply waiving the patents won’t in and of itself lead to increased production of vaccine doses due to the novel processes used to make messenger RNA vaccines like Pfizer’s.
Do you support or oppose waiving intellectual property protections for COVID vaccines?
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