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Joe Biden

Global pharma shares sink as Biden backs COVID-19 vaccine IP waiver
Markets

Global pharma shares sink as Biden backs COVID-19 vaccine IP waiver

  • "The production of mRNA vaccines is not just about intellectual property. A lot of other things are in play, such as manufacturing know-how and capacity. Other companies or countries are unlikely to produce mRNA shots quickly," he said.
  • Several pharmaceutical analysts said IP waivers may on the surface help a world facing a pandemic, but manufacturing the vaccines was a barrier.
Published 06 May, 2021 08:28pm
US backs plan to waive Covid-19 vaccine patents
World

US backs plan to waive Covid-19 vaccine patents

  • But that notion has been fiercely opposed by pharmaceutical giants and their host countries, which insist the patents are not the main roadblocks to scaling up production, and warned the move could hamper innovation.
Published 06 May, 2021 10:50am