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Biden backs waiver of Intellectual Property Rights (IPR) on vaccines
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Biden backs waiver of Intellectual Property Rights (IPR) on vaccines

Biden supports waiver of patents for vaccines. Waiver proposal led by India and South Africa.

Where: Washington DC

The Facts

▪ India and South Africa led a proposal in October 2020 to waive patent protections to increase vaccine production in developing countries.

▪ US Trade Representative Katherine Tai announced the government’s position, “The Administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for Covid-19 vaccines.”

▪ Shares prices of several vaccine-makers for Covid-19 dropped sharply.

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