Jeffrey Sachs: Share the Intellectual Property on COVID-19

Jeffrey D. Sachs in Project Syndicate:

The governments of South Africa, India, and dozens of other developing countries are calling for the rights on intellectual property (IP), including vaccine patents, to be waived to accelerate the worldwide production of supplies to fight COVID-19. They are absolutely correct. IP for fighting COVID-19 should be waived, and indeed actively shared among scientists, companies, and nations.

The pharmaceutical industry and the governments of several vaccine-producing countries, including the United States and the United Kingdom, as well as the European Commission, have been resisting the IP waiver, while 150 public leaders and experts have sent an  to US President Joe Biden in support of it. There is no longer any question about who is right. Given the surge of COVID-19 in several regions, , the continuing emergence of new and deadly variants of the virus, and the inability of the current vaccine producers to keep pace with global needs, an IP waiver or its equivalent has become a practical urgent need as well as a moral imperative.

As a general principle, IP should not stand in the way of scaling up production to fight COVID-19 or any other public health emergency.

More here.