'Cry No Tears for These Death Profiteers': Pharma Stocks Plunge as Biden Backs Vaccine Patent Waiver
Yves here. I wish I could be enthusiastic about Biden saying he would support a waiver of Big Pharma Covid vaccine patents. After all, we’ve been pumping for this measure for some time, albeit mainly through the posts of Jomo Kwame Sundaram, who has written that the much of the Global South would not get vaccines until 2023 on the current schedule, and even then, in many cases, at higher prices than the Global North. However, if you look at various press stories on this plan, you’ll see two things. One is the abject falsehood that these supposedly backwards countries would have trouble ma...