Friday, February 3, 2023
HomeAll Ch00 Ch00 NewsPharma lobby blasts 'stupid' pandemic patent plans

Pharma lobby blasts ‘stupid’ pandemic patent plans

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tripping 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.

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