Big Pharma has employed a military of lobbyists to strain U.S. lawmakers to dam an effort on the World Trade Organization to loosen mental property guidelines on COVID-19 vaccines, which might enable international locations around the globe to ramp up manufacturing, vaccinate extra individuals and produce the pandemic to an finish sooner.
Dozens of nations from the Global South, led by India and South Africa, are demanding a brief waiver on vaccine patents, however wealthy international locations, together with the U.S. beneath each the Trump and Biden administrations, have opposed the transfer.
Lee Fang, An investigative journalist at The Intercept, says there’s a “glut” of vaccines going to rich international locations whereas a lot of the remainder of the world is left ready. “These initiatives that are based on voluntary agreements with the pharmaceutical companies have not worked,” he says.
Fang additionally discusses his reporting on the Biden’s administration’s ties to the vaccine makers: White House adviser Anita Dunn is co-founder of the consulting agency SKDK, which works carefully with Pfizer.
Biden’s home coverage adviser, Susan Rice, holds as much as $5 million in Johnson & Johnson shares; and White House science adviser Eric Lander holds as much as $1 million in shares of BioNTech, which co-developed Pfizer’s coronavirus vaccine.
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