Sumary of WHO boss says vaccine IP waiver not a property ‘snatch’:
- GENEVA – The World Health Organization on Wednesday sought to reassure pharmaceutical companies that a proposal to suspend patent rights on COVID-19 vaccines was not a bid to “snatch” their intellectual property rights.
- With more than four million dead and the toll likely to reach much higher, WHO Director-General Tedros Adhanom Ghebreyesus said vaccine makers should be offered incentives in return for temporarily waiving the rights.
- “Of course, we can’t snatch your property,” Tedros said via video link from Tokyo at the start of a meeting with the World Trade Organization, pharma companies and global financial institutions.
- “With so many lives on the line, profits and patents must come second,” he said, without giving any details on the proposed financial incentives.