WHO boss says vaccine IP waiver not a property ‘snatch’

who boss says vaccine ip waiver not a property snatch

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.

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