Tag Archives: patent waiver

Lack of Patent Waiver Would Add Over $70 Billion to Cost of Vaccinating World: Oxfam

Most of that money, said a spokesperson for the group, “will go directly into the pockets” of Big Pharma shareholders.

By Jon Queally staff writer for Common Dreams. Published 6-13-2021

Photo: James Bullock/Twitter

As leaders of the G7 were criticized for failing to rise to the challenge of the Covid-19 pandemic during their summit in the United Kingdom this weekend, Oxfam International on Saturday warned that failure of the world’s richest nations to fully embrace a lifting of intellectual property protections for life-saving vaccines could ultimately raise the cost of administering shots to the entire world by as much as $74 billion with most of that money going directly into the wallets of pharmaceutical companies and their wealthy shareholders.

Oxfam calculates that if patent protections were waived by the World Trade Organization (WTO) and vaccine production ramped up worldwide people in low- and middle-income nations could be adequately vaccinated for an estimated cost of $6.5 billion, but that if pharmaceutical companies are allowed to retain their for-profit stranglehold on production and distribution that cost would soar to $80 billion. Continue reading

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Critics Decry ‘Preventable Mass Death’ in Africa as Rich Nations ‘Just Sit Back and Watch’

“Our priority is clear,” said a top WHO official. “it’s crucial that we swiftly get vaccines into the arms of Africans at high risk of falling seriously ill and dying of Covid-19.”

By Julia Conley, staff writer for Common Dreams. Published 6-8-2021

Photo: WHO

Months into a debate at the World Trade Organization over suspending patent protections for Covid-19 vaccines in order to end the global pandemic, the delay has left Africa facing a third wave of deadly infections as countries across the continent confront dwindling supplies of vaccines.

As The Guardian reported Tuesday, eight countries have seen cases rise by more than 30% in the last week and officials have raised alarm over possible looming shortages of hospital beds and oxygen, unless the outbreaks can be brought under control. Continue reading

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As Rich Countries Hoard Vaccines, India and Other Developing Nations Face Uncontrolled Covid Spread

“I think we haven’t seen the worst of it yet. It is beyond horror, what is happening… Yet, this is not yet the worst.”

By Jake Johnson, staff writer for Common Dreams. Published 5-4-2021

Open air crematorium in India. Photo: Press Club of India/Twitter

As rich countries that have hoarded vaccine doses and technology for months begin to accelerate their reopenings as coronavirus case counts level off or decline, India, Brazil, Nepal, Thailand, and other developing nations are in the grip of deadly and uncontrolled Covid-19 surges that experts fear could prolong the global pandemic and endanger the entire world.

On Tuesday, India became the second nation after the United States to surpass the 20 million-case mark, with the South Asian country reporting at least 357,000 new infections and 3,449 deaths over just the past 24 hours—the latest figures from a wave that is overwhelming strained hospitals and leaving facilities with fatal shortages of oxygen and other critical supplies. Continue reading

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