US Backs Intellectual Property Waiver On COVID-19 Vaccines

What Happened:

• The Biden administration is supporting an easing of patent protections on COVID-19 vaccines to help poorer countries produce more doses and, hopefully, end the pandemic more quickly.

• The idea, proposed by India and South Africa, would waive intellectual property protections on COVID-19 vaccines.

• Pharmaceutical companies are upset with the move as the US has historically opposed infringing on IP protections.

• The European Union will now consider the proposal. Under the rules of the World Trade Organization, the decision must be passed by unanimous consent.

Photo Source: spencerbdavis

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