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US backs IP rights waiver for Covid Vaccines, EU says ready to discuss -Prabha Raghavan and Aanchal Magazine

-The Indian Express A waiver on IP protections would mean pharmaceutical firms and Vaccine makers across the world can learn how to make these Vaccines without fear of lawsuits from companies that originally developed them. In a move that could potentially help increase production of Covid-19 Vaccines around the world, the United States on Wednesday announced its support for waiving intellectual property (IP) protections for these Vaccines. Subsequently, the European Union (EU) agreed...

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ICMR ready to offer Covaxin know-how to other firms -Monika Yadav

-The Hindu Business Line It’s only an open-ended deal with co-developer Bharat Biotech, says top source The Indian Council of Medical Research (ICMR) is willing to share the know-how to produce the indigenously-developed Covid-19 Vaccine, Covaxin, with any company as the contract with co-developer Bharat Biotech is not close-ended. Currently, Bharat Biotech has the sole licence to manufacture Covaxin, which it developed in collaboration with scientists from ICMR’s Pune-based National Institute of Virology...

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Explained: Intellectual property waiver for Covid-19 Vaccines -Aanchal Magazine and Prabha Raghavan

-The Indian Express The United States will pursue negotiations at WTO to waive intellectual property for Covid-19 Vaccines. This can allow large-scale production in middle-income countries, but there are arguments against the move. The United States on Wednesday announced support for waiving intellectual property protection for Covid-19 Vaccines, saying extraordinary circumstances call for extraordinary measures. United States Trade Representative Katherine Tai said the US will pursue “text-based negotiations” on the waiver at...

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Centre to retain GST on oxygen concentrators -Vikas Dhoot

-The Hindu Delhi High Court pushes back, saying that the government should review its resistance at such a time The Central government should review its resistance to exempting the Goods and Services Tax (GST) levied on oxygen concentrators imported for personal use, the Delhi High Court observed on Thursday after the Finance Ministry conveyed its inability to accept the Court’s order issued on Wednesday. Late on Thursday, the Delhi High Court appointed senior...

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US to support intellectual property waiver for COVID-19 Vaccines -Sriram Lakshman

-The Hindu The news will support the increased production of Vaccines globally as countries, including India, continue to reel under the impact of the pandemic. The United States will support an initiative at the World Trade Organisation (WTO) to waive Trade Related Intellectual Property Rights (TRIPS) protection for COVID-19 Vaccines, the Biden administration said on Wednesday. The news will support the increased production of Vaccines globally as countries, including India, continue to...

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