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U.S. move to loosen vaccine patents will draw drug companies to bargain -lawyers

Publishing date: May 07, 2021 • 6 hours ago • 3 minute read •
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U.S. support for waiving intellectual property rights on COVID-19 vaccines could be a tactic to convince drugmakers to back less drastic steps like sharing technology and expanding joint ventures to quickly boost global production, lawyers said on Thursday.
“I think the end result that most players are looking for here is not IP waiver in particular, it’s expanded global access to the vaccines,” said Professor Lisa Ouellette of Stanford Law School.
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U.S. move to loosen vaccine patents will draw drug companies to bargain -lawyers Back to video ....

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U.S. move to loosen vaccine patents will draw drug companies to bargain: lawyers

By Syndicated Content
By Michael Erman and Blake Brittain
(Reuters) – U.S. support for waiving intellectual property rights on COVID-19 vaccines could be a tactic to convince drugmakers to back less drastic steps like sharing technology and expanding joint ventures to quickly boost global production, lawyers said on Thursday.
“I think the end result that most players are looking for here is not IP waiver in particular, it’s expanded global access to the vaccines,” said Professor Lisa Ouellette of Stanford Law School.
President Joe Biden on Wednesday supported a proposal to waive World Trade Organization intellectual property (IP) rules, which would allow poorer countries to produce vaccine for themselves. So far COVID-19 vaccines have been distributed primarily to the wealthy countries that developed them, while the pandemic sweeps through poorer ones, like India. ....

New York , United States , David Gregorio , Peter Henderson , Stephane Bancel , Lisa Ouellette , Prashant Yadav , Carl Odonnell , Micaela Modiano , Brian Newell , Blake Brittain , Thomas Kowalski , Modiano Parners , Duane Morris , Sarah Rajec , Caroline Humer , Stanford Law School , William Mary Law School , World Trade Organization , Michael Erman , Professor Lisa Ouellette , Stanford Law , Joe Biden , Chief Executive Stephane Bancel , Mary Law School , Pharmaceutical Research ,

Analysis: U.S. move to loosen vaccine patents will draw drug companies to bargain -lawyers

May 7, 20219:08 AM UTC
Healthcare & PharmaceuticalsAnalysis: U.S. move to loosen vaccine patents will draw drug companies to bargain -lawyers
Michael ErmanBlake Brittain
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A medical worker prepares a dose of Oxford/AstraZeneca s COVID-19 vaccine at a vaccination centre in Antwerp, Belgium March 18, 2021. REUTERS/Yves Herman
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U.S. support for waiving intellectual property rights on COVID-19 vaccines could be a tactic to convince drugmakers to back less drastic steps like sharing technology and expanding joint ventures to quickly boost global production, lawyers said on Thursday.
I think the end result that most players are looking for here is not IP waiver in particular, itâs expanded global access to the vaccines, said Professor Lisa Ouellette of Stanford Law School. ....

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Britain resists calls for intellectual property rights on Covid-19 vaccines to be waived

Emmanuel Macron accused Anglo-Saxons of blocking vaccine exports today and hinted he could back plans to strip manufacturers of their patents to speed up delivery.
The French president, who has previously supported efforts by the EU to block exports to third-party nations, lashed out at the United States and the United Kingdom as he arrive at a summit in Portugal.
Britain is among a host of countries resisting calls led by US President Joe Biden and the Duke and Duchess of Sussex for intellectual property rights on Covid-19 vaccines to be waived to boost jab rates in poorer countries.
Those backing the waiver including Harry and Meghan say it would allow poorer countries to produce the jabs for themselves - but many countries are resisting it amid concerns it would hit competition and the overall fight against the pandemic. ....

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Waiving Covid vaccine patents will NOT increase global supply, experts warn

U.S. push to waive vaccine patents will NOT increase the supply for poorer countries and could compromise the safety of the shots, Pfizer CEO says
Biden administration Wednesday threw its support behind a World Trade Organization plan to waive patent protections for Covid vaccines
The plan is intended to make it easier for poorer countries to manufacture the shots
Pfizer s CEO has hit out at the plan, calling it so wrong and saying he is not at all in support of patent waivers
The firm made an estimated $900 million in Covid vaccine sales last quarter
Experts say that the waiver is unlikely to help countries in desperate need of vaccine doses get them any time soon ....

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