WHO boss says vaccine IP waiver not a property ‘snatch’

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GENEVA: The World Health Organization on Wednesday sought to reassure pharmaceutical companies that a proposal to suspend patent rights on Covid-19 vaccines was not a bid to “snatch” their intellecutual property rights.
With more than four million dead and the toll likely to reach much higher, WHO Director-General Tedros Adhanom Ghebreyesus said vaccine makers should be offered incentives in return for temporarily waiving their rights.
“Of course, we can’t snatch your property,” Tedros said via video link from Tokyo at the start of a meeting with the World Trade Organization, pharma companies and global financial institutions.
“With so many lives on the line, profits and patents must come second,” he said, without giving any details on the proposed financial incentives.
Waiving intellectual property rights would help meet the 11 billion doses of vaccine the WHO says are needed to…

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