quote:
The Biden administration announced Wednesday that it supports waiving intellectual property protections for Covid-19 vaccines, as countries struggle to manufacture the life-saving doses.

quote:
Stocks of major pharmaceutical companies that have produced vaccines, including Moderna, BioNTech and Pfizer, dropped sharply after news of the potential waivers first broke. Pfizer ended its trading day flat, while Moderna lost 6.1%; Johnson & Johnson shed a modest 0.4%. The Pharmaceutical Research and Manufacturers of America expressed pointed opposition to the Biden administration's support for waiving IP protections. The trade group's members include vaccine makers such as AstraZeneca, Pfizer and Johnson & Johnson.

4 ...

Report Post

Posted by back9Tiger

Mandeville, LA.

Member since Nov 2005

14167 posts

Posted on 5/5/21 at 7:58 pm to loumiz

Biden fricking people again... shocker. He’s been doing it for over 50 years.

0 ...

Report Post

Posted by RougeDawg

Member since Jul 2016

5908 posts

Posted on 5/5/21 at 7:59 pm to loumiz

Lol. Good!

0 ...

Report Post

Posted by Kino74

Denham springs

Member since Nov 2013

5346 posts

Posted on 5/5/21 at 8:01 pm to loumiz

Ending vaccine patents isn't going to entice companies to invest in hundreds of millions of dollars and years of research into a vaccine. Surefire way to practically end vaccine developments.

1 ...

Report Post

Posted by HubbaBubba

F_uck Joe Biden, TX

Member since Oct 2010

45848 posts

Posted on 5/5/21 at 8:02 pm to loumiz

Wasn't this always the risk since our government funded all the research to the tune of hundreds of billions of dollars?

0 ...

Report Post

Posted by Auburn1968

NYC

Member since Mar 2019

19669 posts

Posted on 5/5/21 at 8:27 pm to Kino74

quote:
Ending vaccine patents isn't going to entice companies to invest in hundreds of millions of dollars and years of research into a vaccine. Surefire way to practically end vaccine developments.

quote:
Search domain patent.laws.comLINK
The United States Constitution gave the power to Congress to create laws pertaining to patents. Under Article I, section 8, it reads, "Congress shall have power… to promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries."

Government could give away their share of ownership of the patent. If they did more than that, it would be taking. It would definitively be a case of demprogs killing and eating the goose that lays gold eggs.

This post was edited on 5/5/21 at 8:29 pm

Page 1