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Pressure mounts to lift patent protections on coronavirus vaccines
By Sheryl Gay Stolberg, Thomas Kaplan and Rebecca Robbins New York Times,Updated May 3, 2021, 9:50 p.m.
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President Biden spoke at Tidewater Community College on Monday in Portsmouth, Va.Evan Vucci/Associated Press
WASHINGTON â President Joe Biden, faced with surging COVID-19 crises in India and South America, is under intensifying pressure from the international community and his partyâs left flank to commit to increasing the vaccine supply by loosening patent and intellectual property protections on coronavirus vaccines.
Pharmaceutical and biotech companies, also feeling pressure, sought on Monday to head off such a move, which could cut into future profits and jeopardize their business model. Pfizer and Moderna, two major vaccine-makers, each announced steps to increase the supply of vaccine around the world.