Biden commits to waiving vaccine patents, driving wedge with pharmaceutical firms

Biden commits to waiving vaccine patents, driving wedge with pharmaceutical firms
Joe Biden getting COVID vaccine (Image: YouTube screen grab)

[Ed. – His continuing as president has become hazardous to the nation’s health.]

The Biden administration on Wednesday threw its support behind a controversial proposal to waive intellectual property protections for coronavirus vaccines, with liberals framing it as a necessary bid to speed the shots to billions in the developing world, while the drug industry warned of devastating effects to vaccine production.

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Liberals had lobbied Biden to move quickly as coronavirus cases are surging in India and around the world. Sen. Bernie Sanders (I-Vt.) and colleagues celebrated Biden’s decision as a necessary step for saving lives while restoring America’s position on the global stage.

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But the drug industry said that the move would backfire, with the Pharmaceutical Research and Manufacturers of America predicting that allowing more manufacturers to begin making shots would spark new competition for limited ingredients, slow down existing production and even lead to counterfeit vaccines.

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