Expanding the WTO intellectual property waiver will hurt American jobs

The June decision by WTO members to waive commitments to protect intellectual property (IP) for COVID-19 vaccines under the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement was a political and ineffective measure thatdoes not address the true barriers to vaccine equity. Now, some are pushing to extend this harmful waiver to COVID-19 treatments, even though production exceeds demand for treatments, including for the most effective antivirals and monoclonal antibodies. Allowing foreign governments and competitors to disregard IP protections will result in a loss of American jobs and hamper much-needed American innovation.

Source: The Catalyst - November 9, 2022 Category: Pharmaceuticals Authors: Megan Van Etten Tags: Intellectual Property Coronavirus TRIPS Waiver Source Type: news