X

Type keywords like Social Business, Grameen Bank etc.

Intellectual property waiver for covid-19 vaccines will advance global health equity - Yunus and others in British Medical Journal

Intellectual property waiver for covid-19 vaccines will advance global health equity - Yunus and others in British Medical Journal

Press Release

A temporary waiver of the Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement for the COVID-19 vaccine is essential to meet the number of doses of vaccinations required to achieve global herd immunity.

 

An article written by  Parsa Erfani, Agnes Binagwaho, Mohamed Juldeh Jalloh, Muhammad Yunus, Paul Farmer, and Vanessa Kerry has been published in the British Medical Journal, on 3rd August 2021 titled " Intellectual property waiver for covid-19 vaccines will advance global health equity" which focuses on the importance of a temporary IP waiver to reach global needs. (https://www.bmj.com/content/374/bmj.n1837.full )

 

The article states the  current vaccination figures show that the percentages of people in high income countries who have been vaccinated is 46% while 20% in middle income countries and 0.9% in low income countries. This is largely due to acquisition of doses by high income countries in large quantities as well as production being restricted to a small number of manufacturers. The article states that a clear scarcity of supply exists, and this exists due to intellectual property (IP) protection which currently restricts production and access to the vaccines. 

 

Donor based models have not worked in reaching the highest risk population, due to underfunding and vaccine scarcity. To meet the current global needs it is necessary to also have production of vaccines in LMICs. A temporary waiver, will enable more manufacturers and result in yielding doses faster. 

 

The arguments against the waiver include, that LMICs have limited capacity to produce such complex vaccines, that a move like this could stifle further biomedical innovation and funding into such research, as there would be no return on investment and cause bottlenecks in the supply chain. However, data does not support this.

 

Sharing of the technology and the technical know how is crucial in helping to expand production to meet global needs. There are LMICs who have production capacity for complex COVID-19 vaccine production. With the IP waiver, and sharing of all vaccine related knowledge and technology as well as planning, bottlenecks in raw materials can be avoided. The waiver would be temporary thus only affecting the COVID-19 vaccine, and many of the costs of research and development have been recouped. There has also been publicly funded research which laid the ground work for the vaccine. Keeping all things in mind, this seems to be the best way forward in meeting global needs.

 

Now, it is important that countries need to agree on a temporary IP waiver, in order to ensure the world's population can receive the vaccinations, achieving global herd immunity and facilitating global health equity.

 

Link to the full article is at this link https://www.bmj.com/content/374/bmj.n1837.full 

 

Related

অনুষ্ঠিত হলো ১১তম সামাজিক ব্যবসা দিবস

অনুষ্ঠিত হলো ১১তম সামাজিক ব্যবসা দিবস
প্রেস রিলিজ নোবেল লরিয়েট প্রফেসর মুহাম্মদ ইউনূসের পৃষ্ঠপোষকতায় গত জুন ২৮, ২০২১- জুলাই ২, ২০২১ তারিখ...

11th Social Business Day held

11th Social Business Day held
Press Release The 11th Social Business Day, hosted by Nobel Peace Laureate Professor Muhammad Yunus, took place from 28 June-2 July 2021, brought together more than 2,300 participants, globally from more than 110 countries ---with over 10,000 viewers on average per day...

Grameen America Announces Programme  to Achieve  Racial Equity Through Investing  $1.3Billion in Loans to 80,000 Poor Black Women Entrepreneurs

Grameen America Announces Programme  to Achieve  Racial Equity Through Investing  $1.3Billion in Loans to 80,000 Poor Black Women Entrepreneurs
'Elevating Black Women Entrepreneurs' Initiative Will Leverage Leading Microfinance Organization's Unique Group Lending Model and Infrastructure Built Over More than Dozen Years; Alethia Mendez to Lead Elevating Black Women Entrepreneurs Division Grameen America to Lau...

আমার বন্ধু জামিলুর রেজা চৌধুরী

আমার বন্ধু জামিলুর রেজা চৌধুরী
আমার বন্ধু জামিলুর রেজা চৌধুরীমুহাম্মদ ইউনূস অনেক ব্যস্ততার মধ্যে দিন শুরু হয়েছিল। আগামীকাল আমাদে...

Yunus and Hundred Other Nobel Laureates urge Climate Summit to stop fossil fuel expansion

Yunus and Hundred Other Nobel Laureates urge Climate Summit to stop fossil fuel expansion
Press Release   Nobel laureates - across peace, medicine, physics, economics, chemistry and literature - call out the continued expansion of the fossil fuel industry as “unconscionable” in an open letter to political leaders. 21 April 2021 - 2006...

The Future of Microcredit and Social Business

The Future of Microcredit and Social Business
Indian Newspaper The Financial Express Reporter Kumar Sharma’s  Interview with Professor Muhammad Yunus on   The Future of Microcredit and Social Business Muhammad Yunus Q1: The question that many in the field seem to have is how do you see this pa...

ক্ষুদ্রঋণ এবং সামাজিক ব্যবসার ভবিষ্যৎ

ক্ষুদ্রঋণ এবং সামাজিক ব্যবসার ভবিষ্যৎ
ক্ষুদ্রঋণ এবং সামাজিক ব্যবসার ভবিষ্যৎ মুহাম্মদ ইউনূস ভারতীয় পত্রিকা ফিনানসিয়াল এক্সপ্রেস-এর সাংব...

In Memory of Abed

In Memory of Abed
Muhammad YunusAbed has left. But it is not possible to bid farewell to him. He remains with us as our companion forever. Since the Liberation War he is in the very grain of our society. There is no layer and sub-layer of our societal make up which has not been......

Yunus in Japan: Meets Rola, Bangladeshi Japanese Super Model, Launches Yunus Yoshimoto Social Action Company, Addresses Social Tech Summit and Social Business Forum Osaka

Yunus in Japan: Meets Rola, Bangladeshi Japanese Super Model, Launches Yunus Yoshimoto Social Action Company, Addresses Social Tech Summit and Social Business Forum Osaka
Yunus Raises Question “Who Would Rule The World: Human Beings or Artificial Intelligence?”Japan's glamorous super model, actress, singer, TV personality, and author Rola came to meet Nobel Laureate Professor Muhammad Yunus in his hotel while he was on a social busin...

Speaker of German Parliament meets Yunus to Discuss Social Business

Speaker of German Parliament meets Yunus to Discuss Social Business
Press Release (November 8, 2019)President of German Parliament, Wolfgang Schäuble invited Nobel Laureate Professor Muhammad Yunus to have an one-on-one meeting in his office at the Bundestag, in Berlin on November 6 to discuss economic issues related to social business...