Saturday, May 8, 2021

Canada not yet waiving COVID-19 vaccine patents


CBC News shows the vaccine patents situations in Canada. Vaccine patents are a hot topic at the World Trade Organization. Some countries, including the USA, argue patents should be waived in the pandemic to increase vaccine supply for the world at a faster pace. Canada is not actively supporting that idea.

The USA has reversed its stance on vaccine patents. President Joe Biden on Wednesday supported waiving intellectual property rights for COVID-19 vaccines. More than 100 other countries also support this decision. It seems this move is angering pharmaceutical companies.

Biden voiced his support for a waiver (a sharp reversal of the previous USA position).

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