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ARTICLE · 06 JULY 2021

Is Patent Waiver A Solution To Covid-19 Pandemic?

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What is vaccine patent? Patents give vaccine manufactures/producers exclusive rights to prevent third parties from manufacturing, using, offering for selling or importing the shot/vaccine they developed.

IndiaIntellectual Property
Shilpi Kumari
Shilpi Kumari
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INTRODUCTION

What is vaccine patent? Patents give vaccine manufactures/producers exclusive rights to prevent third parties from manufacturing, using, offering for selling or importing the shot/vaccine they developed. Patent owners are also free to charge a price that covers their research, development costs and profit margin.

But such deep profit margins can be controversial and insensitive during times of crisis, such as the ongoing COVID pandemic.

What is patent waiver? A patent waiver would legally allow any company with the required capacity to start manufacturing the shot/vaccine, even without an agreement or license from the patent owner or original developer.

WHY IS PATENT WAIVER NEEDED?

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