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Government and big pharma face clash on Covid-19 vaccine patent waiver Two Ministers back US support for patent waiver opposed by pharmaceutical industry
about 5 hours ago Updated: about 4 hours ago
The Government could be on a collision course with the State’s powerful pharmaceutical industry over support for US backing of a move to lift patent protection on Covid-19 vaccines.
The Biden administration has thrown its support behind the move that would allow other companies to make the jabs but reduce the profits of the pharmaceutical giants behind the vaccines.
US trade representative Katherine Tai said that it would support the waiver of intellectual property protections on vaccines “to help end the pandemic” and that the US would participate in negotiations on the move at the World Trade Organisation, which sets the rules for global trade.
IPHA urges Govt to oppose vaccine patent waiver
Updated / Thursday, 6 May 2021
17:13
IPHA has urged the Government to use its voice, in Europe and globally, to oppose the waiver
Business Editor
The organisation representing big-pharma in Ireland has urged the Government to oppose proposals for a global waiver of the intellectual property rights on Covid-19 vaccines.
Last night the Biden administration in the US indicated it would back such a waiver on patent protections for the vaccines, in an effort to help poor nations that have struggled to access the life-saving doses.
But the Irish Pharmaceutical Healthcare Association (IPHA) said the move would not boost production capacity for Covid-19 vaccines and would instead set back the medicines innovation agenda.