How soon could EU resolve vaccine patent dispute?
The European Union Europe and Africa will work together to resolve by spring a rich-versus-poor nation dispute over how to ensure fair distribution of COVID-19 vaccines and treatments, the head of the European Commission said on Friday. Lenias Hwenda, CEO at Medicines for Africa spoke to CNBC Africa for more.
Mon, 21 Feb 2022 14:49:29 GMT
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AI Generated Summary
- The challenges of implementing an IP waiver to address the global vaccination gap
- The potential benefits of cooperation between global pharmaceutical companies and African manufacturers in expanding vaccine production capacity
- The significance of the EU's investment in supporting Africa's vaccine manufacturing capabilities to advance equitable access to vaccines
The European Union and African nations are set to collaborate to resolve the dispute over fair distribution of COVID-19 vaccines and treatments by spring. Linya Swender, the CEO of Medicines for Africa, shed light on the intricacies of the intellectual property (IP) waiver and the challenges hindering its quick implementation. An IP waiver essentially suspends the normal IP laws to prioritize public health needs during emergencies. The pandemic has brought to the forefront the necessity of temporarily setting aside strict IP regulations to ensure global health needs are met adequately. However, the process of agreeing on the IP waiver has been delayed due to resistance from parties who own the IP rights, including some major pharmaceutical companies. These companies are wary of suspending patents as a solution to the limited vaccine production capacity, arguing that it may not resolve the global supply issues. Swender suggested that cooperation and partnership between these companies and African manufacturers could help expand production capacity and address the vaccination gap. By collaborating with African partners, global companies could leverage existing manufacturing capabilities to scale up vaccine production and ensure equitable access to vaccines globally. The European Union's commitment to supporting Africa in enhancing its vaccine manufacturing capacity is a positive step towards bridging the vaccination disparity. The EU's pledge to invest in projects aimed at boosting Africa's vaccine production capacity aligns with the African Union's goal to increase domestic vaccine production to 60% by 2040. This partnership underscores the importance of global cooperation in ensuring widespread access to vaccines and safeguarding public health. While the timeline for resolving the vaccine patent dispute by spring seems promising, stakeholders remain cautiously optimistic about the outcome. The urgency of the situation calls for swift and decisive action to address the inequities in vaccine distribution and production. By fostering collaboration and investment in vaccine manufacturing infrastructure, Europe and Africa can work together towards a more equitable and sustainable future for global health.