Progressives are promoting President Biden’s waiver of U.S. Covid vaccine patents as necessary to save lives. So full marks for candor to Sen. Elizabeth Warren, who last week explained the real goal: set a precedent that erodes all pharmaceutical intellectual property protections in the U.S. and around the world.
“Special [IP] protections for drug companies are an even bigger issue than COVID-19 alone,” the Massachusetts Senator said at a Senate Finance hearing with U.S. Trade Rep Katherine Tai on Wednesday. “I think it’s time now for our trade negotiators to take leadership and actively set rules that lower drug costs for American families.”
What special protections? Drug makers receive less IP protection than other businesses under World Trade Organization rules, which allow low-income countries to force drug makers to license patents during emergencies. But progressives believe IP protections shouldn’t exist at all for drugs and that their makers shouldn’t be rewarded for years of risky investment and innovation.
As Ms. Warren explained: “We’re fighting over a waiver to [IP] rules—rules that never should have existed in the first place.” Or as Oregon Sen. Ron Wyden put it: Intellectual property rules should “promote the common good,” which will presumably be defined by . . . Ron Wyden.
opinion Then there will be no new drugs.
opinion It’s embarrassing to live in Oklahoma knowing she is from here. What a disgrace of an American
opinion Can we agree that the vaccine recipe can go back to its owner/drug company AFTER the covid pandemic is long forgotten? I believe we are trying to save the modern society that is on the brinc of halfing down in population here within the next 30 years. Nobody is gonna buy anything
opinion What about the billions of people in the world not vaccinated because of the costs. We are in a global pandemic.
opinion She certainly knows the plight of the average American as she flys home on her private jet.
opinion People are dying and giant pharmas are busy playing patent. This is exactly what gives capitalism a bad name
opinion Warren has a grudge against American business leading to speculate who turned her away early & pissed her off?
opinion JFC you people will print anything
opinion Surprise!
opinion Sounds good to me. After all, the IP should be the property of the people who develop drugs, not the firm that sells them.
opinion Part of the initial efforts to seize the means of production? Karl Marx would be proud ...
opinion Sen. Elizabeth Warren, explained the real goal: destroy intellectual property protections in the U.S. and around the world. Socialists are slowly pushing to destroy private property rights, eventually all patents, innovation and free markets.
opinion This is a good thing that will be great for the world! TaxTheRich
opinion The latter statement indicates her desire to 'steal' IP. To me, it's more about cutting out the highway robbery prices big pharma is raping the American public with. It's a crime that people lack for medication simply due to the astronomical prices of drugs.
opinion And I do agree with that, scientific discoveries should belong to the world not corporate entities. Once again, how much do you value a human life?
opinion Under every US controlled part of healthcare it’s always YourMoneyOrYourLife.
opinion It is a weird circle. The government funds a lot of the research, then pharma gets it and gets IP protection for it, then they say if they don't have IP protection it will limit their ability to do research in the future, which is also funded by the government.
opinion Wow!
opinion Big Pharma spends more money on TV & Internet commercials in US than R&D. Covid vaccine R&D was funded by taxpayers. It's their IP? Americans pay avg $98.70 per unit, insulin...why? US is the only country with countless commercials of medicine even during royal couple's interview
opinion So who will brother investing in the development medical breakthrough drugs if they can’t benefit financially? She’s being incredibly short sighted.
opinion Good. Now have big pharma disclose how much it *actually* costs to conduct clinical trials instead of hiding behind the “enormous investment” argument they use to justify exorbitant drug prices that reduce access to everyone and perpetuate an untenable health care industry
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opinion Brilliant woman. She would have been a very good president.
opinion Zionist arrogance is still continuing, and their ethnic cleansing practices are still continuing in the neighborhoods of Jerusalem to evict them from the Palestinians.FreePalestine SaveSheikhJarrah IsraeliTerrorists
opinion Patent waiver? I thought that changing the Constitution required an Amendment....
opinion You would think an ex Harvard Professor would understand what happens after we ‘erode all drug intellectual property protections’ But of course SenWarren knows, she just doesn’t care. mapoli IP BigPharma
opinion Austrian Jewish Émigré FritzMachlup famously said if we did not have a patentsystem, there was not enough evidence to show we should create one. But because we did have such a system, there was not enough evidence to get rid of it.
opinion The world is fighting a pandemic and America is fighting the world There is a reason the US is in free fall !
opinion Not lying this time.
opinion She’ll never be a republican if she keeps this up
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