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consensus among member states. The European Commission
said it would begin discussions on waivers but Germany, home to BioNTech, the firm that created the vaccine being marketed by Pfizer, said it
opposed a waiver because “the protection of the intellectual property is a source of innovation and must remain so”.
However, the Indian government has taken a different line domestically: At a hearing in India’s Supreme Court this month, the court asked the government whether it intended to issue any compulsory licenses to companies to manufacture drugs like remdesivir that are being used for Covid-19 treatment.
The government reportedly
Read more about Patent waver for Covid vaccine without tech transfer won t speed up supply on Business Standard. Intellectual property rights (IPR) on drugs and vaccine formulae give creators an exclusive right over inventions for a certain period of time, and prevent pharmaceutical companies from making it.
Macau casino operator Galaxy Entertainment Group Ltd saw strong gaming earnings relative to the earlier part of the year, during the five-day holiday encompassing Labour Day on May 1, said brokerages Sanford C Bernstein Ltd, and Jefferies Hong Kong Ltd in respective Thursday memos, citing commentary from the gaming firm’s management.
The improvement was led by premium-mass play, and was accompanied by high levels of hotel occupancy, and strong sales in the luxury retail segment, said the institutions, in notes issued after highlights of Galaxy Entertainment’s first-quarter earnings were filed with the Hong Kong Stock Exchange. The company’s flagship resort is Galaxy Macau, (pictured in a file photo) on Cotai.