The WTO waiver battle over Covid jab IP rights Thu 06th May 2021 | 03:19 PM
Sudden US backing for a global waiver on patent protections for Covid-19 vaccines offers hope to poor nations struggling for doses but the big pharma industry thinks the notion misguided
Geneva (UrduPoint / Pakistan Point News - 6th May, 2021 ) :Sudden US backing for a global waiver on patent protections for Covid-19 vaccines offers hope to poor nations struggling for doses but the big pharma industry thinks the notion misguided.
Some countries see the temporary intellectual property rights waiver as a shortcut to ending the coronavirus pandemic.
EU ready to discuss COVID vaccine patent waiver as drugmakers push back
By Philip Blenkinsop and Francesco Guarascio
Reuters
BRUSSELS (Reuters) - The European Union is willing to discuss a proposal to waive intellectual property rights for COVID-19 vaccines, European Commission President Ursula von der Leyen said on Thursday, as drugmakers fought their ground as their share prices tumbled.
U.S. President Joe Biden on Wednesday voiced support for a waiver in a sharp reversal of the U.S. position, and his top trade negotiator, Katherine Tai, swiftly backed negotiations at the World Trade Organization.
The World Health Organization said in April that of 700 million vaccines administered around the world, only 0.2% had been in low-income countries. A recent surge of infections in India, the world s second most populous country, has underlined the point.
EU 'ready to discuss' COVID-19 vaccine patent waiver as drugmakers push back channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
EU ‘ready to discuss’ Covid vaccine patent waiver as drugmakers push back
The WHO said in April that of 700 million vaccines administered globally, only 0.2% had been in low-income countries
Reuters
May 06, 2021
A patient receives a COVID-19 vaccine at a clinic, as efforts continue to help slow the spread of the coronavirus disease, in Ottawa, Ontario, Canada March 30, 2021. PHOTO: REUTERS
The European Union is willing to discuss a proposal to waive intellectual property rights for Covid-19 vaccines, European Commission President Ursula von der Leyen said on Thursday, as drugmakers fought their ground as their share prices tumbled.
US President Joe Biden on Wednesday voiced support for a waiver in a sharp reversal of the US. position, and his top trade negotiator, Katherine Tai, swiftly backed negotiations at the World Trade Organization.
BBC News
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