More than two dozen of the largest pharmaceutical companies are urging President Biden to reject a proposal before the World Trade Organization to temporarily waive patent rights in order to widen access to Covid-19 medical products to mostly low-income countries.

In a March 5 letter, the drug makers argue that, contrary to assertions, intellectual property is not a barrier to ensuring that vaccines and therapies become available on a global basis. Along with their trade groups, the companies also maintained that eliminating intellectual property protection to allow other manufacturers to make certain products would not speed production or access.

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Source: STATNEWS.COM

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