Global powers inch closer to agreement to waive Covid vaccine patents
The Guardian says Global powers have inched closer to an agreement to waive patents for Covid-19 vaccines, a move that would allow for cheaper generic versions to be manufactured and distributed among developing nations faster.
A leaked document, seen by the Guardian, reveals details of a compromise struck between the United States, the European Union, India and South Africa that would end a deadlock over an intellectual property waiver, 18 months after the proposal was first taken to the World Trade Organization.
The document detailing the compromise position suggests the negotiated form of the waiver has veered substantially away from the initial proposal first raised by India and South Africa in October 2020, which sought to suspend patents for successful Covid vaccines, treatments and diagnostics – invented by pharmaceutical giants such as Pfizer and Moderna – for the duration of the pandemic.
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