Biden administration to support waiving COVID-19 patents
CBSN
U.S. Trade Representative Katherine Tai has announced the administration's support for waiving intellectual property protections for COVID-19 vaccines. Waiving patent protections has gained traction, especially among progressives, as COVID-19 continues to spread in countries like India and Brazil.
It's a move that could have a significant impact for pharmaceutical companies like Pfizer, Moderna and Johnson & Johnson, and for other countries as most of the world continues to struggle with access to the vaccine. The humanitarian crisis in India as it wages war with the virus has put particular pressure on the U.S. to waive vaccine patents. The announcement allows for negotiations to begin at the World Trade Organization. Dozens of countries have made a proposal to waive parts of the World Trade Organization's Agreement on Trade-Related Aspects of Intellectual Property Rights. But some wealthier nations, including the U.S., hadn't expressed support for the idea.
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