-
Funerals in Nepal for missing, a week after deadly floods
-
Hong Kong democracy activist Wong pleads guilty to foreign collusion: AFP
-
US aircraft carrier arrives in Thailand after months at sea
-
Stocks sink, yields at multi-decade highs and oil spikes on Mideast flare-up
-
US aircraft carrier approaches Thai port after months at sea
-
US defends Trump Venezuela oil deal as energy secretary lands in Caracas
-
Nepal's young PM faces gravest test after flood catastrophe
-
Jubilant Monfils celebrates birthday with US Open win
-
What rainbow? LGBTQ Indonesians on edge as hostility mounts
-
The Japanese idealist behind the last deradicalisation NGO in Somalia
-
O'Connor eyes Wallabies World Cup swansong after Force return
-
Rybakina, Gauff advance as Zverev launches US Open campaign
-
Syria UXO causing death, injury every six hours: charity
-
Macron in Britain to help unveil tapestry, hold Burnham talks
-
Tiger Woods set to change not guilty plea in DUI case: court documents
-
China's Xi to hold talks with Sisi in rare visit to Egypt
-
Zelensky warns airlines Russian skies not safe due to Ukraine drones
-
Confident Gauff reaches US Open 2nd round with straight-set win
-
UK vows anti-settler measures as Israel warns of retaliation
-
US postal whistleblower warns ballot system could disrupt midterms
-
New pro Koivun among US Presidents Cup picks
-
John Ternus takes over as Apple enters era of AI, foldable phones
-
G20 finance leaders close talks marked by US welcoming Russia
-
Second-ranked Rybakina eases into US Open 2nd round
-
From Hollywood to big time tennis: teen makes US Open debut
-
Man City sign Fernandez, Ndiaye as Premier League clubs set new spending record
-
Man City secure Premier League record deal to sign Fernandez
-
Alcaraz aims to step it up in round two of US Open title defense
-
Kaepernick says NFL 'blackballing me' decade after protest
-
Honduran judge drops corruption charges against ex-leader Hernandez
-
Atletico loan David from Juve, send Lemar to Elche
-
Mudryk joins Spurs on loan from Chelsea after doping ban ends
-
Chelsea 'keeper Sanchez makes deadline-day move to Como
-
What's next after judge strikes down New York's landmark climate fund law
-
Kroenke to buy baseball's Los Angeles Angels: statement
-
Cobolli claws out five-set victory at rain-hit US Open
-
US defends Trump's Venezuela oil deal
-
Ndiaye seizes 'chance of a lifetime' in Man City move
-
OpenAI to launch new model with 'stronger safeguards' after hack
-
Global bond sell-off, surging oil prices send markets into the red
-
Fans mourn 'bittersweet' final Ariana Grande gig in London
-
Zuckerberg, Musk make plea at G20 for more AI data centers
-
Norway's King Haakon VIII swears allegiance to constitution
-
'Discomfort' at G20 finance talks as US hosts Russian minister
-
Syria site infrastructure 'consistent with nuclear reactor': IAEA
-
Man City set to sign Fernandez for record fee, Ndiaye on deadline day
-
Juventus sign Woltemade, Sarr on loan from Premier League
-
Back-to-school in Cuba a grim day with shortages of everything
-
US strikes Iran in latest tit-for-tat attacks
-
Canadian minister says Russia's G20 presence sparked 'discomfort'
Pharma lobby blasts 'stupid' pandemic patent plans
Stripping patent protection from Covid-19 treatments is a "mind-bogglingly stupid" idea, the head of a leading pharmaceutical lobby said Wednesday, warning that the move would put industry innovation at risk.
Thomas Cueni, director general of the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), said the industry was still working on more effective Covid vaccines and treatments.
But Cueni said manufacturers would not risk ploughing investment into potential products if their intellectual property (IP) rights could be stripped away.
Cueni told reporters it would be "seriously dangerous" to move from voluntary knowledge-sharing seen during the pandemic to a "coercive" situation.
He added that when knowledge and technology is shared, generic manufacturers were still reliant on close support from the patent holders.
At the World Health Organization, plans are being drawn up for what could be a legally binding treaty on future pandemic preparedness.
Meanwhile, World Trade Organization members are discussing broadening a temporary IP waiver for producing Covid vaccines, agreed in June 2022, to include tests and treatments.
"That debate should simply have been closed," Cueni said.
He said more than 800 potential Covid-19 treatments were being researched -- and of approved treatments, around two-thirds were pre-existing medicines that companies had tested to see if they worked against Covid.
If the patent on the Covid part of any medicine is removed, there is "no way... to protect the original part", he said.
"I have heard many companies say we would never have considered risking our core business and checking if it works" if they risked losing the protection that encouraged them to invest in at-risk research.
Therefore, an IP waiver "potentially undermining what worked so well in this pandemic is basically mind-bogglingly stupid", Cueni said.
He also said proposals to waive patents on tests were "ludicrous" as there was no generic market for diagnostics.
- Vaccine equity vow -
Cueni said IFPMA members were concerned about ensuring that what worked well in the Covid-19 response is not lost or compromised for future pandemic preparedness.
He said manufacturers needed fast, unhindered access to respond to emerging pathogens.
But he acknowledged that pharma firms needed to learn from "what didn't work well -- that is equitable roll-out" of vaccines.
"We need to make sure that dose-sharing is something we build in from day one," he said.
Cueni said there needed to be greater geographic diversity in manufacturing, with most vaccines being produced only in the United States, Europe, China and India.
"Even if that works, you will still need to open borders and remove trade barriers," he said, noting that supply chain problems could slow production.
And even then, "we need to work on country readiness because once we had not just sufficient supply of vaccines but an over-supply of vaccines, we still didn't see the jabs getting into the arms of people".
- Cost claim -
With the pandemic now entering its fourth year, Cueni said major manufacturers were busy working on improved jabs and treatments.
He hoped that future vaccines would offer longer-lasting protection.
"It would be nice if one jab per year would suffice," he said.
As for the profits made by the pharmaceutical industry during the pandemic, Cueni said: "When you look at how much Covid-19 cost the global economy, the cost of the treatments or the vaccines was just a tiny fraction of that."
X.Brito--PC