Fast forward – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/fast-forward/article34580773.ece

WIDE

India must take US’ patent waiver proposal forward and expedite the WTO process

The US surprised the world a few days ago by declaring its support for a waiver on patents for Covid vaccines. For a country which has always opposed relaxation of patents — and blacklisted countries like India under its ‘Special 301’ clause for its supposed patent flexibilities — this was no ordinary moment. Industry groups have argued that a waiver of patents will discourage innovation, a view that is generally speaking not without merit. However, in a global health emergency, IPRs, monopoly pricing and restricted supplies can block vaccine access to the developing world — and that is indeed happening. The richest countries have cornered about 80 per cent of vaccine supplies so far. For a virus that knows no borders, the US seems to have realised that vaccine shortages in large swathes of the world will prolong the pandemic, dragging everybody down with it. Meanwhile, the impact of Covid-19 vaccines — in many cases created by public-private partnerships — on curbing the spread of the pandemic is beyond dispute. The world’s population should be vaccinated as quickly as possible — which cannot happen without lower prices and technology transfer. The poorer countries have been paying the same or higher prices for vaccines than their richer counterparts.

While, the US statement comes as the first step forward since then, a consensus looks elusive. The WTO Director-General recently said that she would work towards an agreement by the next Ministerial in December — but by then many more lives will be lost. India must seek an early solution; rich countries are likely to have covered most of their population by July or so, releasing capacities and surplus stocks. India can regain its pharma pre-eminence by producing inexpensively for itself and the world. It must secure a patent waiver of at least a year for a meaningful impact. The pandemic may not fade away in a hurry. Investments will have to keep pace with possible mutations to avert further catastrophes.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s