Covid Vaccine Patent Waiver Is “No Silver Bullet”: European Council President

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COVID-19: European Council President Charles Michel said that they want to focus on voluntary licenses, knowledge transfers and patent pooling.

Covid Vaccine Patent Waiver Is 'No Silver Bullet': European Council President

European Council President Charles Michel said patent waiver issue is likely to be raised at G7 summit.



Brussels:

A proposed waiver of intellectual property rights for COVID-19 vaccines and treatments is “no silver bullet”, European Council president Charles Michel said on Thursday, adding he expected the topic to feature at the G7 summit.

“The question of intellectual property rights will likely be raised,” Michel told a news conference ahead of the summit starting on Friday.

“The patent waiver might sound good, but it’s no silver bullet. The TRIPS agreement already offers flexibility and we want to focus on concrete proposals, such as promoting voluntary licences and knowledge transfers and patent-pooling on mutually agreed terms,” he continued.

(Except for the headline, this story has not been edited by our staff and is published from a syndicated feed.)

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