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Senator Warren pressures PhRMA lobbying group on efforts to prevent vaccine patent abandonment

Senator Elizabeth Warren (Democratic Party) held a press conference outside the Capitol on Tuesday, April 27, 2021 to reintroduce Universal Child Care and Early Learning.

Tom Williams | CQ-Roll Call, Inc. Getty Images

Democratic Sen. Elizabeth Warren Is urging the CEOs of major pharmaceutical industry groups to lobby against a proposal to waive the intellectual property rights of the Covid-19 vaccine to promote shot production in poor countries.

Warren and other lawmakers lobby industry groups and their member companies to parliament and White House authorities this year in opposition to exemptions that would remove obstacles to increasing vaccine production in developing countries. I asked how much money I spent on it. PhRMACEO Stephen Ubl It was acquired by CNBC.

Biden administration Said it would support in early May Abandon the World Trade Organization’s Trade-Related Intellectual Property Rights (TRIP) Agreement. Pharmaceutical Research and Manufacturers of America with Covid vaccine manufacturers as members AstraZeneca, Pfizer And Johnson & Johnson, Trying to block the waiver.

Removing the patent protection for the Covid vaccine will allow other pharmaceutical companies to produce life-saving shots. Pharmaceutical companies are worried that it could set a precedent for future products and end their lucrative monopoly on the sale of new drugs.

Warren also asked the trade group about an attempt to thwart a bill from House Democrats that would allow Medicare to negotiate directly with manufacturers for lower drug prices.

“PhRMA and other pharmaceutical companies have urged the Biden administration to oppose the TRIPS exemption, claiming that it” undermines the global response to the pandemic, “Warren and other lawmakers wrote. The letter said it opposed price negotiations for Medicare Apartment D, saying it would “lead to a decline in new treatments and treatments.”

“While praising the development of a new COVID vaccine developed with a large infusion of federal funding, the pharmaceutical industry has blocked drug price proposals and has not receded efforts to maintain the status quo,” he said. Added.

Legislators responded to the trading group until June 30. PhRMA did not immediately respond to requests for comment.

Warren’s letter arrives when a global group, including the World Health Organization, is urging wealthy countries and pharmaceutical companies to give covid shots to low- and middle-income countries. Witness an increasingly worrisome increase in new infections..

From the left, Merck & Co. Ken Frazier, Chairman and Chief Executive Officer of the Pharmaceutical Research and Manufacturers of America (PhRMA), Stephen Ubl, and Celgene Corp. Chairman Robert Hugin arrives at an outdoor press conference. The White House (not shown) after a meeting with US President Donald Trump in Washington, DC, USA on Tuesday, January 31, 2017.

Andrew Haller | Bloomberg | Getty Images

Many countries and pharmaceutical companies are committed to sharing millions of doses worldwide.President Joe Biden Last week, his administration announced that it would donate 500 million doses of vaccine produced by Pfizer to other countries.

The pharmaceutical industry has previously stated that the TRIPS exemption “weakens the global response to pandemics,” jeopardizes safety, weakens the supply chain, and creates confusion between public and private partners.

In the first three months of this year, pharmaceutical companies have spent a record $ 92 million on lobbying. According to data compiled by the Center for Responsive Politics, Washington, Independent Election Funding Research Group. According to data, PhRMA spent $ 8.6 million on lobbying this year after spending $ 25.9 million in 2020.

Senator Warren pressures PhRMA lobbying group on efforts to prevent vaccine patent abandonment

Source link Senator Warren pressures PhRMA lobbying group on efforts to prevent vaccine patent abandonment

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