BIO and the Council of State Bioscience Associations (CSBA) called on the U.S. government to reject the proposed expansion of the COVID IP waiver—here’s what we said and the next steps.
ICYMI: After agreeing to a waiver of IP protections for COVID-19 vaccines, the World Trade Organization (WTO) has been considering expanding the waiver to therapeutics and diagnostics.
What the Biden administration’s been doing: The U.S. Trade Representative (USTR) requested analysis from the U.S. International Trade Commission (USITC); stakeholder comments and requests to appear at the public hearing were due Friday.
BIO’s take: “A waiver of IP rights would significantly disrupt the existing investment and research landscape in the biotechnology sector globally—with a particularly acute impact on U.S.-based SME biotech firms,” as well as compromise U.S. life sciences leadership and pandemic preparedness, per comments filed Friday.
IP enabled the development of COVID-19 technology—and “provides a reliable legal foundation for companies to voluntarily license their IP to enhance research collaborations and provide timely, equitable global access to safe and effective therapeutics,” says BIO.
A waiver would harm future innovation—because over 60% of COVID-19 therapeutics in development have other indications, and 87% originated from small and medium-sized biotech companies.
“Ultimately, IP is essential to support our biotech companies which employ millions across the United States,” says CSBA, citing an October letter. “Waiving IP would compromise the ability for the U.S. private companies to properly respond to future pandemics and jeopardize research efforts in other related fields.”
The next steps: USITC’s public hearing will take place March 29-30; BIO and at least half a dozen BIO and CSBA members have requested to testify in person. Stay tuned.
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