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U.S. Backs Waiving Intellectual Property Rights On Vaccines

U.S. Backs Waiving Intellectual Property Rights On Vaccines

Newsy
Thursday, May 06, 2021 12:18:22 PM UTC

The U.S. backs waiving intellectual property rights in an effort to speed up access to vaccines for people around the world.

The Biden administration says it will support waiving intellectual property rules on vaccines in an effort to speed up access to doses for people around the world. U.S. Trade Representative Katherine Tai said "extraordinary times ... call for extraordinary measures." The idea has been debated at the World Trade Organization. Proponents say removing some of these IP protections will save lives by helping developing countries get their hands on more doses. But critics say this wouldn't have a very big impact and companies worry about losing control of their research in the future on other drugs.
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