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European leaders said they were ready to join talks with the US on lifting intellectual property rights on Covid vaccines after Joe Biden said the move could help bring the pandemic under control. European Commission President Ursula von der Leyen said Brussels was committed to bold gestures to end the crisis after Mr Biden s announcement that he would support waiving intellectual property rights for COVID-19 vaccination.
The World Health Organisation said in April that of 700 million vaccines administered around the world, only 0.2% had been in low-income countries. A recent surge of infections in India, the world s second most populous country, has underlined the point.
6.07PM – May 7, 2021
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5/6/2021 Waiver talk is grandstanding , analyst says Big Pharma shares plunge on Biden comments
By Philip Blenkinsop and Francesco Guarascio
BRUSSELS, May 6 (Reuters) - The European Union is willing to
discuss a proposal to waive intellectual property rights for
COVID-19 vaccines, European Commission President Ursula von der
Leyen said on Thursday, as drugmakers fought their ground and
their share prices slipped.
U.S. President Joe Biden voiced support on Wednesday for a
waiver in a reversal of the U.S. position, and his top trade
negotiator, Katherine Tai, swiftly endorsed negotiations at the
World Trade Organization.
WHO chief Tedros Adhanom Ghebreyesus reached for capital
Article content
BRUSSELS The European Union is willing to discuss a proposal, now backed by the United States, to waive intellectual property rights for COVID-19 vaccines, European Commission president Ursula von der Leyen said on Thursday.
The head of the EU executive said the bloc’s vaccination effort was accelerating, with 30 Europeans being inoculated per second, while exporting more than 200 million vaccine doses to the rest of the world – contrasting with limited sharing of vaccines by the United States and Britain.
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The European Union is willing to discuss a proposal to waive intellectual property rights for COVID-19 vaccines, European Commission President Ursula von der Leyen said on Thursday, as drugmakers fought their ground and their share prices slipped.
US President Joe Biden voiced support on Wednesday for a waiver in a reversal of the US position, and his top trade negotiator, Katherine Tai, swiftly endorsed negotiations at the World Trade Organization.
WHO chief Tedros Adhanom Ghebreyesus called Mr Biden s move a monumental moment in the fight against #COVID19 on Twitter, and said it reflected the wisdom and moral leadership of the United States .