The US announces it supports waiving intellectual property protection for Covid vaccines to help end the pandemic. What difference could this make? Please subscribe HERE http://bit.ly/1rbfUog
The US has said it will support a proposal to waive intellectual-property protections for Covid-19 vaccines – joining an effort to increase global supply to narrow the gap between rich and poor nations.
The statement now needs to be followed up with a concrete plan for what this means and how it happens. But it is likely to put pressure on other nations, like the UK, to follow suit.
The IP waiver has been opposed by drugmakers, who say the plan is ineffective.
Pharmaceutical companies argue that few countries have the capacity to produce more vaccines even if they knew the formulas, and that there is still a limited global supply of materials needed.
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