America wants to waive patent protection for vaccines

AMERICA HAS long been the global protector-in-chief of intellectual property. But on May 5th it sought to tear up the rule book. “The extraordinary circumstances of the covid-19 pandemic call for extraordinary measures,” said Katherine Tai, the United States Trade Representative. To help battle the pandemic, the administration of President Joe Biden said it supported waiving some intellectual-property protections for vaccines. Jaws dropped—along with the share prices of vaccinemakers.

Listen to this story

Your browser does not support the <audio> element.

Investors shuddered at the idea that other manufacturers might pounce on unprotected intellectual property. Only a day earlier, Pfizer forecast vaccine revenues of $26bn in 2021, with

→ Continue reading at The Economist

Similar Articles


Most Popular

'Salt and Sacrifice' brings Soulslike co-op action to PlayStation and PC in 2022

A new Soulslike is coming to PC and PlayStation. Salt and Sacrifice is the sequel to 2016's Salt and Sanctuary. Like its predecessor, it's...

Facing climate concerns, will King County stop Boeing Field expansion?

Most of us aren’t in a position to do much about this directly. But for policymakers whose decisions shape the economy, this is a...

Marathon Training: Here's How to Pick a Plan

There are endless training resources online and groups that meet and train together in person.So you signed up for a race in a bout...