WHO bosses say vaccine IP exemption is not a “snatch” of property

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The World Health Organization sought to reassure pharmaceutical companies on Wednesday that the proposal to suspend the patent rights for the COVID-19 vaccine was not a bid to “take away” their intellectual property rights.

WHO Executive Secretary Tedros Adanom Gebreyes said vaccine makers should be offered incentives in return for a temporary waiver of rights, as more than 4 million deaths and casualties can be much higher. Said that.

“Of course, we can’t rob you of your property,” Tedros said at the beginning of a meeting with the World Trade Organization, pharmaceutical companies and financial institutions around the world via a video link from Tokyo.

“Because so many lives have been lost, profits and patents must come second,” he said without detailing the proposed financial incentives.

Relinquishing intellectual property rights will help meet the 11 billion doses of vaccine that WHO says is needed to protect 70% of people in all countries by mid-2022.

This is the second meeting in Geneva to try to bridge the gap in how to increase the supply of jabs and reduce vaccine inequity. Rich country Look at booster shots while health workers in poor countries flee.

Of the 1.1 billion doses produced worldwide in June, “only 1.4% were directed to Africans, who make up 17% of the world’s population,” said WTO Executive Director Ngogio Conjoywell. Said in.

“Only 0.24 percent went to people in low-income countries, and both shares fell further in the first half of July,” she said.

In addition to the suspension of patents, Tedros said the lab needs to agree to remove the barriers to trading vaccine ingredients and transfer the technology.

Abandoning IP does not increase vaccine production: Pharmaceutical Group

© 2021 AFP

Quote: WHO boss states that vaccine IP exemption is not a property “snatch” (July 22, 2021).

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WHO bosses say vaccine IP exemption is not a “snatch” of property

Source link WHO bosses say vaccine IP exemption is not a “snatch” of property

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