Proposing to keep all new discoveries related to Covid-19 free from the patent regime

These MPs include the names of Mike Lee, Tom Cotton, Joni Amst and Todd Young. He has written a letter to Biden in this regard. They say that India, South Africa and other countries are proposing to keep all new discoveries related to Covid-19 free from the patent regime in the WTO. Those who propose such a proposal say that if we destroy the intellectual property developed by American companies, then many companies will soon start contributing in the manufacture of vaccines.

But these MPs argue that the reality is the opposite. By dissolving the intellectual property rights of every American company which is engaged in the development of vaccines and medicines of Covid-19, we will end the process started under ‘Operation Warp Speed’ in such a short time. It has become possible to develop these vaccines. ‘ He wrote in the letter that some countries think that they will be in profit by taking away the intellectual property of America, but this is their mistake.

Explain that the WTO system of Trade Related Aspects of Intellectual Property Rights (TRIPS) has provisions for governments to grant long-term monopolies in the market to units developing drugs, their investigation and production technology. Hundreds of US non-governmental organizations (NGOs) and three prominent lawmakers had earlier appealed to President Joe Biden not to stop the proposal for a waiver of patents on the Covid-19 vaccine.

Proposing to keep all new discoveries related to Covid-19 free from the patent regime
Proposing to keep all new discoveries related to Covid-19 free from the patent regime

DeLauro, MP and Chairman of the Appropriation Committee in the House of Representatives, said that the border of a country has no meaning for the Kovid-19 epidemic. It is very important to prepare the vaccine and deliver it to another world. The issue of the exemption of TRIPS in the WTO by India and South Africa will help the world in the war against the corona virus epidemic. Such exemptions would also facilitate screening, treatment and vaccination of Covid-19 in developing countries.

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