Affordable Covid drugs kept out of reach by sluggish WTO
There is still a long way to go before South Africa and other developing countries can manufacture Covid vaccines and treatments quickly and without paying the huge charges demanded by the big US and European drug companies. Last week, the World Trade Organization (WTO) announced that the 180-member trade forum had taken a step towards a patent waiver that would allow developing countries to make the drugs they need – including vaccines, tests, and treatments – for as long as five years, without payments to pharma giants such as Pfizer. The EU, India, South Africa and the US, known as the Quad, claimed to have come to an agreement on the Trade Related Aspects of Intellectual Property (Trips) waiver proposal, with China also expected to vote in favour.
View the full story here: https://www.theguardian.com/global-development/2022/may/09/affordable-covid-drugs-wto-pharma-giants-intellectual-property