‘Wrong answer’: Big Pharma group up in arms after Biden signals support for profit-threatening patent waiver on Covid vaccines ...News

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‘Wrong answer’: Big Pharma group up in arms after Biden signals support for profit-threatening patent waiver on Covid vaccines
An international body representing a who’s-who of Big Pharma firms has rejected a US-backed proposal to lift intellectual property rights for coronavirus vaccines, insisting the move will not speed up global distribution. The International Federation of Pharmaceutical Manufacturers (IFPMA) criticized the IP plan in a statement on Wednesday, not long after the Joe Biden administration voiced support for the idea, first floated by the World Trade Organization last October. “The decision of the US administration to support a patent waiver for Covid-19 vaccines is disappointing,” the IFPMA said, adding that IP waivers “will not increase pr

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