Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 25/06/2021 12:51 
06.05.2021 12:27 News >> US Draws Praise, Ire By Backing Waiver On COVID-19 Vaccine Patents

US Draws Praise, Ire By Backing Waiver On COVID-19 Vaccine Patents

WHO hails 'bold move' while global pharma group says 'disappointing' decision will do nothing to boost vaccine output.

The World Health Organization on Thursday praised the US for backing a temporary waiver of intellectual property rights on COVID-19 vaccines.
Washington's decision, however, also seems to have its detractors, with a representative body of global research-based pharmaceutical companies and associations terming it "disappointing."
Soon after the US signaled on Wednesday that it would support waiving patent protections for coronavirus vaccines, WHO chief Tedros Ghebreyesus issued a statement saying it is "a bold move to end the pandemic as quickly as possible."
"This is a monumental moment in the fight against COVID-19," he said.
"The commitment by the President of the United States Joe Biden and Ambassador Katherine Tai, the US Trade Representative, to support the waiver of IP [intellectual property] protections on vaccines is a powerful example of American leadership to address global health challenges."
Tedros said the WHO has worked throughout the COVD-19 pandemic to "scale up the development and distribution of vaccines, diagnostics, and treatments through the Access to COVID-19 Tools Accelerator and its COVAX Facility for the equitable sharing of vaccines to at-risk people worldwide."
The World Trade Organization (WTO) on Wednesday urged its members to respond urgently to the need for a multilateral solution to ensure equitable access to vaccines worldwide.
During a meeting of the body's General Council, WTO chief Ngozi Okonjo-Iweala described it as the "moral and economic issue of our time."
"Vaccine policy is economic policy because the global economic recovery cannot be sustained unless we find a way to get equitable access to vaccines, therapeutics, and diagnostics," she said.
The proposal for a temporary waiver of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) accord was put forward last year by India and South Africa.
"India and South Africa, principally have indicated that they're going to revise their proposal," said Keith Rockwell, a WTO spokesperson.
He said there will be "a revised text coming forward soon," indicating a compromise may be reached.
The plan now has the backing of around 60 WTO members, including Bolivia, Egypt, Eswatini, Kenya, Mozambique, Pakistan, Venezuela, Zimbabwe, the African Group, and the Least Developed Countries Group.
Countries such as Switzerland, Japan, and Australia had opposed the waiver proposal, arguing that while patents and intellectual property play a role, they do not enable countries to produce products such as vaccines.
'Waiving patents will not increase production'
"The decision of the US administration to support a patent waiver for COVID-19 vaccines is disappointing," the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) said in a statement.
The organization said it fully supports the goal of ensuring COVID-19 vaccines are quickly and equitably shared worldwide, but has consistently warned that a waiver is the wrong answer to a complex problem.
"Waiving patents of COVID-19 vaccines will not increase production nor provide practical solutions needed to battle this global health crisis," read the statement.
"On the contrary, it is likely to lead to disruption, while distracting from addressing the real challenges in scaling up production and distribution of COVID-19 vaccines globally."
IFPMA stressed that the decision will not eliminate trade barriers or address bottlenecks in supply chains and scarcity of raw materials and ingredients in the supply chain.
Nor will it accelerate a willingness by rich countries to start sharing doses with developing countries, the statement added. -



        Latest News
5 Iraqi Policemen Killed In Roadside Bomb Blast In Kirkuk 12 minutes ago...
No group claims responsibility for attack, but Daesh/ISIS terrorists have increased subversive activities in recent months.
Japan's Population Declines By 0.7% Over Last 5 Years 13 minutes ago...
For 1st time since 1950, country drops out from world's top 10 populated countries list.
Formula 1 Fever To Hit Austria This Week 27 minutes ago...
Styrian Grand Prix will be 8th race of 2021.
Turkey Safe Harbor For International Investors: Vice President 27 minutes ago...
Turkey signs cooperation agreement with Tatarstan, leading Russian petrochemical company Tatneft.
Indonesia's Mount Merapi Erupts, Spewing Hot Ash -3 minutes ago...
Officials advise residents to remain calm, wear masks.

 
      Top News
Vehicle Registrations In Turkey Leap 47.6% In May Vehicle Registrations In Turkey Leap 47.6% In May
Turkish Stocks Up At Friday's Open Turkish Stocks Up At Friday's Open
Diary Diary
African Continent Suffers $190B In Losses Due To COVID-19: Afdb African Continent Suffers $190B In Losses Due To COVID-19: Afdb
US Downplays Possibility Of Quick Return To Iran Nuke Deal US Downplays Possibility Of Quick Return To Iran Nuke Deal
COVID-19 Variants Set Difficulties, Uncertainties In Global Fight Against Pandemic COVID-19 Variants Set Difficulties, Uncertainties In Global Fight Against Pandemic
NATO Refuses To Talk To Russian Military, Says Foreign Minister NATO Refuses To Talk To Russian Military, Says Foreign Minister
Anadolu Agency's Morning Briefing - June 24, 2021 Anadolu Agency's Morning Briefing - June 24, 2021
Injury-Hit Harden Out Of US Basketball Team's Olympics Squad Injury-Hit Harden Out Of US Basketball Team's Olympics Squad
Libya Conference Says Dec. 24 Elections Should Be Held As Agreed Libya Conference Says Dec. 24 Elections Should Be Held As Agreed