Why Won't The U.S. Lift COVID Vaccine Patents To Help Other Countries?

  • 📰 Refinery29
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 68%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

200,000 people have died of COVID-19 in India, yet wealthy countries like the U.S. have been more concerned with protecting intellectual property rights.

In India, a deadly second wave of COVID-19 infections is devastating the country and overwhelming its hospitals. To date, more than 200,000 people in India have reportedly died — a number that is likely to be much higher — and as many asare contracting the virus every day. Hospitals are running out of beds and oxygen. And now, in an attempt to keep up with burial rituals, parks and other empty spaces are being utilized for cremations.

, a rule that protects intellectual property by way of patents and other legal avenues. Eighty countries, including the U.S., blocked the motion, arguing that “protecting intellectual property rights encouraged research and innovation” and that “suspending those rights would not result in a sudden surge of vaccine supply,” as reported by Reuters.worldwide thus far have been sent to wealthy and middle-income countries, according to data from.

On Tuesday, White House Press Secretary Jen Psaki said the Biden administration was considering lifting the COVID-19 vaccine patents and backing the efforts of South Africa, India, and other countries to wave intellectual property protections. “Right now, that’s one of the ways, but we have to assess what makes the most sense,” Psaki told reporters. On the same day, billionaire Bill Gates, who claims to be an advocate of mass vaccinations, came out against the idea.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in PROPERTY

Property Property Latest News, Property Property Headlines