Biden administration supporting the waiver of the COVID-19 patent

Office of the United States Trade Representative Katherine Tai Announces Government Support to Abandon Intellectual Property Protection COVID-19 (New Coronavirus Infection) vaccine. The waiver of patent protection has received particular attention among progressives, as COVID-19 continues to spread in countries such as India and Brazil.

This is a move that could have a significant impact on pharmaceutical companies such as Pfizer, Modana, Johnson & Johnson, and other countries where most of the world continues to struggle to access vaccines.The· Humanitarian crisis in India The war against the virus has put particular pressure on the United States to abandon its vaccine patents.

With this announcement, negotiations can begin with the World Trade Organization. Dozens of countries have proposed abandoning some of the World Trade Organization’s agreements on trade-related aspects of intellectual property rights. However, some wealthy countries, including the United States, have not expressed support for this idea.

“This is a global health crisis, and the unusual situation of the COVID-19 pandemic requires extraordinary action,” Tai said in a statement. “The government strongly believes in intellectual property protection, but in order to end this pandemic, we support the abandonment of protection for the COVID-19 vaccine. We are the World Trade Organization needed to make it happen. Actively participate in text-based negotiations at.

Thailand further stated that the government’s goal is to “deliver as many safe and effective vaccines as possible to as many people as possible as soon as possible” and that the government will work with the private sector to expand the production and distribution of vaccines. ..

To date, approximately 250 million vaccines have been administered in the United States, according to data from the Centers for Disease Control and Prevention.

Calls from humanitarian organizations and other countries are increasing For pharmaceutical companies to share vaccine prescriptions, especially as India is dealing with serious outbreaks. US companies make the most effective vaccines.

Moderna said it would not patent the vaccine and announced this week that it would administer 34 million doses to middle-income and low-income countries. Pfizer said it would donate $ 70 million worth of COVID-19 treatment to India. However, those actions may not be sufficient.

— Haley Ott of CBS News contributed to this report

Biden administration supporting the waiver of the COVID-19 patent

Source link Biden administration supporting the waiver of the COVID-19 patent

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