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Joe Biden supports temporary waiver of COVID-19 vaccine's intellectual property rights

With the US as one of the leading countries in COVID-19 vaccinations, many are now hoping that other countries experiencing problems in the pandemic may be assisted. Biden recently supported the proposal of temporarily waiving the intellectual property rights off the COVID-19 vaccines in order to make it accessible everywhere else.
Last week, Biden announced his support of a World Trade Organization proposal that would temporarily waive the intellectual property rights of the COVID-19 vaccines. This comes as Biden was under pressure from members of the Democratic party and other countries. US Trade Representative Katherine Tai released a statement showing the administration’s support for the temporary waiver.

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Canada should 'join forces' with U.S. to support waiving COVID-19 vaccine patents: expert

Canada should ‘join forces’ with U.S. to support waiving COVID-19 vaccine patents: expert
Hannah Jackson
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NAPLES, ITALY - APRIL 29: A doctor prepares a dose of the Pfizer Covid-19 vaccine at a mobile vaccination center on April 29, 2021 in Naples, Italy. A mobile vaccination center, set up with the aid of temporary units in the parking lot of the San Gennaro hospital, has opened in the populous Sanità district in Naples. Following delays, the recently updated Covid-19 vaccination plan will see 62 million doses being delivered to Italy in the second trimester of 2021. (Photo by Ivan Romano/Getty Images)

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Biden Administration Supports Patent Waivers for Coronavirus Vaccine

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Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
On Wednesday, shares of the makers of authorized coronavirus vaccines were generally slammed by discouraging news from the federal government.
In an official statementc, U.S. Trade Representative Katherine Tai wrote that "This is a global health crisis, and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures. The Administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for COVID-19 vaccines."

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Coronavirus: Joe Biden backs waiving patents on COVID-19 vaccines, WHO calls it 'monumental moment' in fight against pandemic

Related video: Chris Hipkins warns July will be 'bumpy' with concerns over vaccine supply and rollout. Credits: Video - Newshub; Image - Getty Images
The head of the World Health Organization said on Wednesday that US President Joe Biden's plan to back a proposed waiver on intellectual property rights to boost global vaccine production was a "monumental moment in the fight against #COVID-19".
And New Zealand is now following suit, reversing earlier opposition to waiving patents.
Biden earlier on Wednesday threw his support behind a proposed World Trade Organization waiver of intellectual property rights for COVID-19 vaccines, bowing to mounting pressure from US Democratic lawmakers and more than 100 other countries.

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United States in favor of waiving covid-19 vaccine patents

Trade Representative Katherine Tai made the announcement.
United States President Joseph Biden has made it clear that after weighing all the pros and cons he was in favor of waiving intellectual property rights on anticovid-19 vaccine patents so that they can be produced faster and the world can finally overcome the current pandemic.
Trade Representative Katherine Tai made the announcement. This is a global health crisis, and the extraordinary circumstances of the covid-19 pandemic call for extraordinary measures, she said in a statement.
The administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for COVID-19 vaccines. We will actively participate in text-based negotiations at the World Trade Organization needed to make that happen, she added.

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'Staggering' Consequences: Biden Backs Waiving COVID-19 Vaccine Patent Protections Amid WHO Warning

'Staggering' Consequences: Biden Backs Waiving COVID-19 Vaccine Patent Protections Amid WHO Warning
KEY POINTS
It would help scale up the vaccine production
Vaccines would become more affordable
In a move that may help ramp up global production of the COVID-19 vaccines, especially in poor nations amid the deadly pandemic, the U.S. has announced its support behind a World Trade Organization (WTO) proposal to waive intellectual property rights for the jabs. The (Joe) Biden administration on Wednesday said its aim is “to get as many safe and effective vaccines to as many people as fast as possible.”
In a statement, U.S. trade representative Katherine Tai said that the “extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures." ...The administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for COVID-19 vaccines."

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U.S. backs IP waiver for vaccines

U.S. President Joe Biden's plan to back a proposed waiver on intellectual property rights to boost global coronavirus vaccine production is a "monumental moment in the fight against #COVID-19".

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Support grows for easing COVID-19 vaccine patent rules, but hurdles remain

Support grows for easing COVID-19 vaccine patent rules, but hurdles remain
France has now joined the United States in calling for the easing of patent protections for COVID-19 vaccines. Other countries, including Canada, China and Russia, are at least willing to take part in WTO talks into a proposal to waive international protection rules.
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The Associated Press ·
Posted: May 06, 2021 1:33 PM ET | Last Updated: May 6
Director general of the Ghana Health Service Dr. Patrick Kuma-Aboagye receives a COVID-19 vaccine in Accra, Ghana on March 2, 2021. Just over 20 million vaccine doses have been administered across Africa, which counts some 1.3 billion people.(Francis Kokoroko/Reuters)

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Biden move on vaccine IP 'monumental moment' in COVID-19 fight -WHO chief

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GENEVA — The head of the World Health Organization said on Wednesday that U.S. President Joe Biden’s plan to back a proposed waiver on intellectual property rights to boost global vaccine production was a “monumental moment in the fight against #COVID-19.”
Biden earlier on Wednesday threw his support behind a proposed World Trade Organization waiver of intellectual property rights for COVID-19 vaccines, bowing to mounting pressure from U.S. Democratic lawmakers and more than 100 other countries.
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Biden move on vaccine IP 'monumental moment' in COVID-19 fight -WHO chief Back to video

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US move on vaccine IP 'monumental moment' in Covid-19 fight: WHO chief

05 May 2021 - 22:55 By Reuters
WHO director-general Tedros Adhanom Ghebreyesus praised the US government's decision to back a proposed waiver on intellectual property rights to boost global vaccine production.
Image: Reuters
The head of the World Health Organisation said on Wednesday that US President Joe Biden's plan to back a proposed waiver on intellectual property rights to boost global vaccine production was a "monumental moment in the fight against Covid-19."
Biden earlier on Wednesday threw his support behind a proposed World Trade Organisation waiver of intellectual property rights for Covid-19 vaccines, bowing to mounting pressure from US Democratic lawmakers and more than 100 other countries.

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