Biden’s Worst Move Yet: Giving U.S. Vaccine Tech to China
A TRIPs waiver will not only impede vaccine production at this moment, it will also cause long-term harm. There are two principal concerns in this regard. First, a waiver for COVID-19 vaccines will obviously decrease the incentive for companies to make vaccines for the next disease. “The recent rhetoric will not discourage us from continuing investing in science,” wrote Bourla, the Pfizer chief. “But I am not sure if the same is true for the thousands of small biotech innovators that are totally dependent on accessing capital from investors who invest only on the premise that their intellectual property will be protected.”