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Covid-19 vaccines look set to protect millions of citizens of the world’s richest countries in the coming months. But inoculating the rest of the planet’s population may mean finding a way around an impasse over intellectual property. Representatives from all 164 member states of the World Trade Organization met last week in Geneva to discuss a proposal from India and South Africa to waive broad sections of the WTO’s intellectual property rules and to try to forge an agreement on how patents developed in the race against Covid-19 should be recognised. The meeting ended without consen...

Covid-19 vaccines look set to protect millions of citizens of the world’s richest countries in the coming months. But inoculating the rest of the planet’s population may mean finding a way around an impasse over intellectual property. Representatives from all 164 member states of the World Trade Organization met last week in Geneva to discuss a proposal from India and South Africa to waive broad sections of the WTO’s intellectual property rules and to try to forge an agreement on how patents developed in the race against Covid-19 should be recognized. The meeting ended without consen...

A patent gives a drugmaker exclusive rights to manufacture a vaccine it developed, also providing it the power to charge a price that covers the costs of research and development. Their profit margin per dose, however, depends on the urgency of the situation, and amid a pandemic, charging anything more than development costs is bound to be controversial. India's proposal would require that the waiver remain in place until there’s been widespread vaccination and the majority of the world's population has developed immunity. Whether it’s possible to reconcile will only be clear as the pand...

Covid-19 vaccines: India’s proposed WTO patent waiver faces stiff opposition from US, EU Pfizer and its partner BioNTech have said their vaccine will cost $19.50 a dose in the USPremium 4 min read Hugo Miller, , Bloomberg The WTO meeting of all 164 member states in Geneva last week ended without consensus, leaving poorer countries who sponsored the proposal frustrated and legal protections for vaccines intact Share Via Read Full Story Covid-19 vaccines look set to protect millions of citizens of the world’s richest countries in the coming months. But inoculating the rest of the planet’...