Vaccine news
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This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
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This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
@mik said in Vaccine news:
This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
I heard a lawyer interviewed this morning say that this is pretty much a symbolic step. You can't produce vaccines from a patent, and without the co-operation of the Pharm companies it really isn't possible to reproduce the product.
I was only joking
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@mik said in Vaccine news:
This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
I heard a lawyer interviewed this morning say that this is pretty much a symbolic step. You can't produce vaccines from a patent, and without the co-operation of the Pharm companies it really isn't possible to reproduce the product.
@doctor-phibes said in Vaccine news:
@mik said in Vaccine news:
This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
I heard a lawyer interviewed this morning say that this is pretty much a symbolic step. You can't produce vaccines from a patent, and without the co-operation of the Pharm companies it really isn't possible to reproduce the product.
Lol. Probably right. Everyone in a twitter though and Biden scored a few globalist points.
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@mik said in Vaccine news:
This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
I heard a lawyer interviewed this morning say that this is pretty much a symbolic step. You can't produce vaccines from a patent, and without the co-operation of the Pharm companies it really isn't possible to reproduce the product.
@doctor-phibes said in Vaccine news:
@mik said in Vaccine news:
This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
I heard a lawyer interviewed this morning say that this is pretty much a symbolic step. You can't produce vaccines from a patent, and without the co-operation of the Pharm companies it really isn't possible to reproduce the product.
Don't think the Chinese can't produce it?
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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The actual result is pretty much irrelevant compared to the big middle digit it sends the pharma companies. They can take huge risks then have their legal protections stripped on a whim? I'm not even sure he can actually do this, but if he can he shouldn't.
“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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The actual result is pretty much irrelevant compared to the big middle digit it sends the pharma companies. They can take huge risks then have their legal protections stripped on a whim? I'm not even sure he can actually do this, but if he can he shouldn't.
@mik said in Vaccine news:
The actual result is pretty much irrelevant compared to the big middle digit it sends the pharma companies. They can take huge risks then have their legal protections stripped on a whim? I'm not even sure he can actually do this, but if he can he shouldn't.
This is part of this we are back at the globalist table campaign. Cozying up with WHO in this case and feel good domestically. It would never pass in current form but all sorts of different gives will be put forth by big Pharma. Interestingly it is quite possible another country like Germany will release a refrigerator ready RNA based vaccine soon which will render Moderna and Pfizer useless for the rest of the world.
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Isn't helping Americans' portfolio value.
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@doctor-phibes said in Vaccine news:
@mik said in Vaccine news:
This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
I heard a lawyer interviewed this morning say that this is pretty much a symbolic step. You can't produce vaccines from a patent, and without the co-operation of the Pharm companies it really isn't possible to reproduce the product.
Don't think the Chinese can't produce it?
@jolly said in Vaccine news:
@doctor-phibes said in Vaccine news:
@mik said in Vaccine news:
This is a huge mistake. Pharma companies all took potentially catastrophic financial risks to come up with the vaccines. To take away from them the ability to recoup and perhaps make a profit on them pretty much guarantees they will not answer the phone next crisis.
I heard a lawyer interviewed this morning say that this is pretty much a symbolic step. You can't produce vaccines from a patent, and without the co-operation of the Pharm companies it really isn't possible to reproduce the product.
Don't think the Chinese can't produce it?
I have no idea. The lawyer didn't seem to think so. I've seen the Chinese counterfeit quite a bit of stuff we get involved with, and make a right old mess of it. I'd have thought the stakes were higher with medicine than electronics.
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The actual result is pretty much irrelevant compared to the big middle digit it sends the pharma companies. They can take huge risks then have their legal protections stripped on a whim? I'm not even sure he can actually do this, but if he can he shouldn't.
@mik said in Vaccine news:
The actual result is pretty much irrelevant compared to the big middle digit it sends the pharma companies. They can take huge risks then have their legal protections stripped on a whim? I'm not even sure he can actually do this, but if he can he shouldn't.
You don‘t want to credit Operation Warp Speed anymore? The other way you could have come at this is to say, hey, Operation Warp Speed helped derisk your ventures at making the COVID-19 vaccines, so it’s only fair that you leave some of the supposed profit on the table to help with the public good.
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The actual result is pretty much irrelevant compared to the big middle digit it sends the pharma companies. They can take huge risks then have their legal protections stripped on a whim? I'm not even sure he can actually do this, but if he can he shouldn't.
@mik said in Vaccine news:
The actual result is pretty much irrelevant compared to the big middle digit it sends the pharma companies. They can take huge risks then have their legal protections stripped on a whim? I'm not even sure he can actually do this, but if he can he shouldn't.
+1 This isn't long term thinking, and we are in a long term situation.
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In practice, waiving COVID-19 vaccine patent protection at the WPO will not solve the supply problem in the short term. Lots of know-how cannot be easily transferred. Availability of raw material is also a big issue. Even after you tell a new pharmaceutical plant “here, you get to use these patents for free”, it will still take them months to figure out how to actually produce the vaccines, longer if they don’t get help from the people who figured out the vaccines originally (most likely those employed by the patent holders). So even as a “short term” solution, patent waiver isn’t a good one at that.
A practical short term solution is to actually pay the money, for patent licensing, for raw materials, for finished product, whatever, to increase vaccine supply. Just pay license fees to the patent holders, using foreign aid money and justify it on humanitarian grounds if you have to, to get the patent holders to cooperate and share the necessary know-how to empower more pharmaceutical plants to produce the vaccines effectively and quickly.
Long term, we got to ask what good is “innovation” if we lock them up behind the notion of intellectual property rights only to watch a million people die. What kind of world are we building if we let the abstract notion of “profit motives to spur future innovations” stop us from actually saving the millions that we can save today?
Jonas Salk invented the polio vaccine and he pointedly refused to patent it, instead he chose to simply share his invention with the world without the encumbrance of patent protection. That precedent has not stopped future researchers and future life science companies from innovating and creating even more life saving cures and treatments. The WTO also has precedences waiving patent protections for poor countries to get certain treatments for AIDS, malaria, and tuberculosis. That also has not discouraged the world from innovating.
Given the legal framework and the crisis we have today, I’d say Moderna has the right idea: keep the patent protection, but also promise not to pursue patent infringement lawsuits until the pandemic is over. Another way to do this is for the patent rights holders to make licensing very cheap and very easy until the pandemic is under control, then resume “normal” licensing treatment afterwards.
Sure, pharmaceutical companies as businesses need to make money. But working in these companies and making such innovations possible are doctors and researchers who aspire to saving lives. Profit is but one motive to innovate. Like Jonas Salk, the inventors’ aspiration to save lives is another. The latter has got to count for something. A few million lives have got to count for something.
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tl;dr
