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Geoeconomics

Biden backs suspending patents on Covid vaccines | SOURCE: TELEGRAPH INDIA

The pharmaceutical industry argued that waiving intellectual property rights would not speed up vaccine production, pointing to other barriers like access to raw materials and distribution issues.

The Biden administration came out in support of waiving intellectual property protections for coronavirus vaccines, siding with international efforts to bolster production amid concerns about vaccine access in developing nations. Under President Donald Trump, the United States opposed the effort.

SOURCE: TELEGRAPH INDIA


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