By Brooke Singman FOX Business Source: Fox News
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This Bold legislation by the Biden administration in the wake of the opioid epidemic and the COVD 19 pandemic gives us pause to examine the industry that have caught the attention of people such as Warren Buffet and Jeff Bezos who like many other Americans have begun to question and challenge the results that the medical industry has been producing. This industry charged with saving and healing lives has seen death tools rise along with chronic disease as profit has been placed over human life over and over again. There have never been more human lives at stake across the world than there is today. From France to Ghana we are struggling with the same health risks.
Do vaccine patent waivers ‘violate the rule of law’? Sen. John Barrasso, R-Wyo., provides insight into the U.S. possibly waiving patent protections for coronavirus vaccine makers.
EXCLUSIVE: Republican Rep. Byron Donalds is expected to roll out legislation that would prohibit the Biden administration from "giving away" American intellectual property after the White House announced its support for a waiver of IP protections for COVID-19 vaccines.
The bill, titled the "Preventing Foreign Attempts to Erode Healthcare Innovation Act," is intended to "prevent the Biden Administration from senselessly giving away America's intellectual property to countries like China," Donalds, R-Fla., told Fox News. "It deeply concerns me to hear of the Biden administration's plan to forgo IP protections on COVID-19 vaccines. This plan is a direct infringement upon American ingenuity and innovation and hands over our nation's intellectual prowess for the world's taking," Donalds told Fox News. "This administration has made it a point to put America last, and this is just another glaring example of this sad reality." Donalds’ legislation has the support of the House Republican Study Committee and its chair, Rep. Jim Banks. "Biden is once again proving that the Chinese Communist Party (CCP) and not the American people have a seat at his table. In a brazen move, Biden has agreed to waive the IP rights of American innovators and workers," Banks told Fox News. "By refusing to support American inventions and hard work, he is ensuring that China, where this pandemic began, reaps the benefits of American ingenuity."
Biden’s coronavirus stimulus bill is ‘grab bag of liberal policies’: Rep. Donalds Byron Donalds on coronavirus relief aid. He added: "Rep. Donalds’ bill is a win for American workers, families and innovators." The bill comes after U.S. Trade Representative Katherine Tai on Wednesday announced the Biden administration’s support for the Trade-Related Aspects of Intellectual Property Rights (TRIPS) of the World Trade Organization waiver, which would waive IP protections for COVID-19-related patents, such as vaccines. "This is a global health crisis and the extraordinary circumstances of the COVID-19 pandemic call for extraordinary measures," Tai said in a statement Wednesday. "The administration believes strongly in intellectual property protections, but in service of ending this pandemic, supports the waiver of those protections for COVID-19 vaccines." Tai said the administration would be "actively" participating in "text-based negotiations at the World Trade Organization needed to make the happen."
"Those negotiations will take time given the consensus-based nature of the institution and the complexity of the issues involved," Tai said, adding that the Biden administration’s aim is to "get as many safe and effective vaccines to as many people as fast as possible." "As our vaccine supply for the American people is secured, the administration will continue to ramp up its efforts—working with the private sector and all possible partners—to expand vaccine manufacturing and distribution," Tai said, adding that the administration will also work to "increase the raw materials needed to produce those vaccines."
White House principal deputy press secretary Karine Jean-Pierre on Thursday said the White House discussed the issue with experts before presenting options to President Biden. "The president supported the waiver, he thought of it as a humanitarian issue…to help save lives," Jean-Pierre told reporters aboard Air Force One Thursday. "You're all standing here with masks, living in an unprecedented time with the pandemic—we have to do everything we can."
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