Biden’s Vaccine Patent Theft - WSJ

By The Editorial Board Close The Editorial Board Upda...


April 28, 2021, Moreno Valley, California, USA: Registered nurse Angelica Medelez prepares doses of the Pfizer Covid-19 vaccine at the Moreno Valley Mall in Moreno Valley on Wednesday, Apr. 28, 2021. (Credit Image: © Will Lester/Orange County Register via ZUMA Wire)



Photo:

Will Lester/Zuma Press

President

Biden

genuflected again to progressives on Wednesday by endorsing an intellectual property waiver at the World Trade Organization for Covid vaccines and therapies. This patent heist won’t end well for the U.S. or the world.

South Africa and India have been pushing a resolution at the WTO that would force pharmaceutical companies to hand over their Covid vaccine and therapy IP to manufacturers in low-income countries. The waiver is backed by some 100 other low-income countries, progressive groups and more than 100 Democratic Congress Members.

Waiver proponents say breaking patent protections is necessary to expand global access to vaccines. This is false. WTO rules already allow low-income countries to force drug makers to license their patents during emergencies, though they must negotiate some agreements with developers. Liberals says this is slowing vaccine production.

Yet U.S. and European drug companies have already voluntarily entered into dozens of licensing agreements with other manufacturers, many in low-income countries, as they work to scale up production. Merck last week announced licensing agreements with several Indian manufacturers to produce its investigational antiviral drug.

But vaccine and drug makers first need to ensure their partners can safely manufacture the complex biologic products. This takes time. So does ramping up production of raw ingredients. Even so, global vaccine production is accelerating. The U.S. has also committed $4 billion to Covax, a World Health Organization initiative, which aims to distribute two billion doses to lower- and middle-income countries by the end of this year. Yet India, a global vaccine production powerhouse, recently restricted exports to serve its own population.

European governments have opposed the waiver because they realize it sets a terrible precedent. Once stolen, IP on breakthrough innovations like Moderna and

Pfizer

-BioNTech mRNA vaccines can’t be returned. So why did Mr. Biden surrender?

Progressives are pounding the White House for supposedly hoarding vaccine doses, though only a few months ago it was praised for ordering more supply from Pfizer and Moderna. The White House recently agreed to release 60 million of its contracted

AstraZeneca

doses, but only after they receive FDA approval. Contracts with other manufacturers limit exports to countries without liability protection for potential adverse side effects.

The Administration’s WTO waiver will break patents and legal protections for vaccine makers. Investors will be less likely to fund new drug research if they think their own government will betray them under political pressure. Chalk up another damaging victory for the Congressional left.

Journal Editorial Report: Paul Gigot interviews Dr. Marty Makary. Image: Michael Ciaglo/Getty Images

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the May 6, 2021, print edition.

Source link

COMMENTS

Name

Africa,820,Americas,4124,Art & Culture,14966,Arts,6505,Arts & Design,1673,Asia,3284,Automobile,463,Baseball,635,Basketball,528,Books,3899,Business,5350,Celebrity,2633,Cricket,648,Crime,158,Cryptocurrency,1580,Dance,672,Defense,836,Diplomatic Relations,2496,Economy,1150,Editorial,260,Education,1255,Elections,308,Energy & Environment,3076,Entertainment,22722,Environment,3624,Europe,4233,Faith & Religion,235,Family & Life,817,Fashion & Style,3270,Finance,20005,Food & Drink,3754,Football,1111,Games,97,Gossip,10289,Health & Fitness,4099,Health Care,937,Hockey,228,Home & Garden,920,Humour,994,Latin America,49,Lifestyle,17112,Media,527,Middle East,1534,Movies,1732,Music,2658,Opinion,3083,Other,11954,Other Sports,5053,Political News,11324,Political Protests,2324,Politics,17729,Real Estate,1867,Relationship,106,Retail,3116,Science,2639,Science & Tech,10055,Soccer,240,Space & Cosmos,347,Sports,12270,Technology,3445,Tennis,582,Theater,1687,Transportation,313,Travel,2575,TV,3691,US,253,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,998,World,16528,
ltr
item
Newsrust - US Top News: Biden’s Vaccine Patent Theft - WSJ
Biden’s Vaccine Patent Theft - WSJ
https://images.wsj.net/im-334710/social
Newsrust - US Top News
https://www.newsrust.com/2021/05/bidens-vaccine-patent-theft-wsj.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2021/05/bidens-vaccine-patent-theft-wsj.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content