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Joe Biden COVID-19 Vaccine

US Backs Patent Waiver For COVID Vaccines

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Home Virus Scare Coronavirus

US Backs Patent Waiver For COVID Vaccines

by OB Bureau
May 6, 2021
in Coronavirus, World
Reading Time: 1 min read
Joe Biden COVID-19 Vaccine

Picture courtesy: ABC News

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Washington: The Joe Biden administration has announced support for a global waiver on patent protections for COVID-19 vaccines, offering hope to poor nations that have struggled to access the life-saving doses.

India, where daily cases and deaths have hit unprecedented high, has been leading the fight within the World Trade Organization (WTO) to allow more drug-makers to manufacture the vaccines. However, pharmaceutical giants have opposed the move.

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US Trade Representative Katherine Tai said that while intellectual property rights for businesses are important, Washington “supports the waiver of those protections for COVID-19 vaccines” in order to end the pandemic.

“This is a global health crisis, and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures,” NDTV quoted a statement by Tai released on Wednesday.

The US President has been under intense pressure to waive protections for vaccine manufacturers, especially amid criticism that rich nations were hoarding shots.

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