No Big Pharma Monopolies on COVID Vaccines or Treatments: WTO TRIPS Waiver Now!

What you should know

Even after governments provided billions to pharma corporations to create COVID-19 vaccines, because of World Trade Organization (WTO) rules, where and how much vaccine is produced around the world is determined solely by the pharmaceutical firms. Global production capacity is 25% of what is needed. More than 100 nations led by South Africa are proposing a temporary, emergency waiver of these WTO Trade-Related Aspects of Intellectual Property (TRIPS) rules, so governments and manufacturers worldwide can ramp up production of the vaccines, treatments and tests necessary to end the pandemic. The Trump administration led a handful of WTO members to block the waiver. So far, the Biden administration has also been taking Big Pharma’s side.

Unless President Biden puts people above Pharma profits, millions of people around the world may not get COVID-19 vaccines until as late as 2024. But the pandemic cannot be stopped anywhere unless vaccines, tests, and treatments are available everywhere. COVID outbreaks anywhere mean more infectious, more deadly and vaccine-resistant virus variants can develop. We are in a race against time.

No one is safe until everyone is vaccinated.


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