Role Of 'Intellectual Property' While Tackling The 'International Pandemic'
Live LawThe debaters of intellectual property exclusivity versus the public interest at large have been always at loggerheads. Apart from the commercial issues, the "vaccine nationalism" and especially stark disparity in vaccination between poor and rich nations ultimately impacts everyone as it hampers progress on tackling the pandemic. The said proposal by India and South Africa is again in news because of Former President Mary Robinson and Nobel Laureate Mairead Corrigan Maguire call on President Biden to waive intellectual property rules for Covid-19 vaccines and requesting EU leaders to urgently reconsider their opposition to the TRIPS waiver. The counter argument - From the perspective of US, EU, other rich nations and IP innovator companies, the opposition to waiver of TRIPS Agreement is based on the premise that IPRs are not an obstacle for addressing the pandemic and, if anything, IP motivates the innovator companies and nations to find the treatment and keep striving for better results. It is now to be seen that after so much of global turmoil and debate over Intellectual Property protections versus protection against International Pandemic, and mounting open-letters, diplomatic pressure on rich nations and Pharma giants, how a middle path is taken with respect to the India's proposal to waiver the select Sections of TRIPS Agreement to expedite containment and treatment of COVID 19, globally!