COVID-19 Vaccine IP Waiver Will Benefit Foreign Rivals Like China, Critics Warn
WASHINGTON The debate is growing over whether developed countries including the United States should temporarily waive intellectual property (IP) and patent rights on COVID-19 vaccines to expedite global vaccination efforts.
The Biden administration on May 5 announced that it would support the waiver of those protections for vaccines “to expand vaccine manufacturing and distribution” around the world to end the pandemic.
Experts, however, believe waiving patents wouldn’t resolve the vaccine shortage problem, due to the complexity of producing the mRNA-based vaccines. They also argue that the move would allow countries such as China to exploit American innovation and technology to their advantage.
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The TRIPS Intellectual Property Waiver Proposal: Creating the Right Incentives in Patent Law and Politics to end the COVID-19 Pandemic
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WTO public webinar to address delivery of vaccines
GENEVA, Switzerland, 3 hours, 34 minutes ago The World Trade Organisation (WTO) said that a panel of experts will explore in a public webinar the factors determining the successful delivery of medical technologies and vaccines to their final destination. The webinar is an integral part of the “Virtual Course on Trade and Public Health with a Special Focus on the Covid-19 Pandemic” and is open to the public. It will take place on 26 May 2021, from 13:00 to 15:00 (CET). The webinar will discuss the lessons learned so far and will consider how to undertake a practical and forward-looking approach. The event forms part of a series of events to mark the 25th anniversary of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).
What next for a COVID-19 intellectual property waiver?
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