Gates later reversed his stance and is now in full support of temporarily waiving the protections over coronavirus vaccine patents. Microsoft co-founder Bill Gates was among those who originally spoke out against the patent waiver, emphasizing that there are problems beyond patents that must be addressed first. "It limits how much manufacturing there can be of that product or that vaccine," said Thirumurthy, adding it keeps the price "artificially high enough that it limits the ability of other countries in the world."īut critics counter that patent waivers will not automatically lead to an improvement in global vaccine distribution. Supporters of patent waivers like Harsha Thirumurthy, associate professor of medical ethics and health policy at the University of Pennsylvania, argue the issue lies at the heart of the reason why vaccines are less accessible in lower-income countries. But many observers don't see that waiving the intellectual property (IP) rights on Covid vaccines is an effective way to put a stop to the pandemic. It's been well over a year since a landmark proposal brought the issue of patent waiver for the mRNA Covid vaccine to the spotlight. Its outcome could yet again change the course of the pandemic. The multi-billion-dollar patent war over the mRNA coronavirus vaccine has grabbed the attention of the likes of leaders from President Biden to Bill Gates. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. From market futures to live price updates CNBC is the leader in business news worldwide. Turn to CNBC TV for the latest stock market news and analysis. For access to live and exclusive video from CNBC subscribe to CNBC PRO: The White House announced it supports waiver of patent protections for Covid-19 vaccines, Ylan Mui reports. Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.Ĭonnect with us on our social media handles:įollow us on Google News for latest updates People are tired of biased reportage and we stand for a globalised united world. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world.
We deliver information that is not biased. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. Our aim to empower people to explore their world. We provide much more than the news of the day. WION -The World is One News, examines global issues with in-depth analysis. It has also arrived on a deal to curb overfishing. However, experts say the deal has come too late. The WTO has finally agreed to lift all COVID vaccine patents for a period of 5 years.
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