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USTR holds talks with Pfizer, Astrazeneca over increased vaccine production, IP rights waiver
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Top U S trade negotiator meets Pfizer, AstraZeneca execs on COVID-19 IP waiver
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More than 3 million people have died of COVID-19. Countless others have become ill, and the numbers continue to rise. Many public health experts predict that it will take anywhere between a year and three years to ensure truly global vaccine access. Tragically, those last in line overwhelmingly live in the most impoverished communities and countries.
A major reason for the delay in rolling out vaccinations is that rules protecting intellectual property are slowing production. Vaccines such as those for the coronavirus typically require around 200 individual components, most of which are patented by various corporations. Globally, these patents and other intellectual property concerns fall under the protection of “TRIPS” the Agreement on Trade Related Aspects of Intellectual Property Rights which is overseen by the World Trade Organization (WTO).
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th April, 2021 (WAM) The Ministry of Economy announced that the number of registered patents at the end of 2020 totalled 25,598 while the number of patent applications was 1,971.
On the occasion of the annual World Intellectual Property Day on 26th April, the ministry told the Emirates News Agency (WAM) that it is continuing to address the issue of counterfeit goods, noting that its Commercial Regulatory Department conducted 463 inspections and filed 98 violations in the first quarter of 2021.
The department is continuing to conduct inspection visits and responding rapidly to complaints about counterfeit goods in local markets to protect talents and innovators, the ministry added while pointing out that the number of registered trademarks from 1992 to 21st April, 2021, amounted to 269,189.
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