Patents in hand, wealthiest nations have signed away opportunity to vaccinate the world
FirstpostResidents of wealthy and middle-income countries have received about 90 of the nearly 400 million vaccines delivered so far. As rich countries fight to keep things as they are, others like South Africa and India have taken the battle to the World Trade Organization, seeking a waiver on patent restrictions for COVID-19 vaccines. Despite the hefty government funding, drug companies control nearly all the intellectual property and stand to make fortunes off the vaccines. Intent on protecting intellectual property, the government said calls for equitable access to vaccines and treatments sent “the wrong message to innovators.” World leaders ultimately approved a watered-down declaration that recognized extensive immunization — not the vaccines themselves — as a global public good. For months, the United States and European Union have blocked a proposal at the World Trade Organization that would waive intellectual property rights for COVID-19 vaccines and treatments.