Germany objects to Biden support for COVID-19 vaccine patent waiver

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Germany is not happy with Biden's support for waiving COVID-19 vaccine patents, predicting 'severe complications'

A French government spokesperson sounded a note of caution about how helpful a waiver might be, however. The spokesperson argued that there are more important problems in vaccinating the world, namely limited production capacity and ingredients,The official added:"I would remind you that it is the United States that has not exported a single dose to other countries, and is now talking about lifting the patents.

The temporary suspension of vaccine patents is just one piece of the puzzle, and would not by itself solve the world's shortages,Pharmaceutical companies have long argued that removing patents diminishes the incentive for companies to take the financial risks of developing new treatments in the first place.

Beyond that, there is a great deal of expertise and technology needed to boost production beyond the patented information itself, as one expert told DeAngelis. "Opening the patents is like disclosing a high quality chef's shopping list," said Jacob Becraft, CEO of mRNA startup Strand Therapeutics."You can figure out exactly where they get their truffles from, their high quality pork. But you're never going to replicate their menu."would not affect the company's bottom line"I didn't lose a minute of sleep over the news during the night," he said during Moderna's first-quarter earnings statement.

 

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InsiderIntl Instead of waiving the patent, Governments should “buy” the rights to use the patent to make their own vaccine. This is a win-win approach

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