{"id":26067,"date":"2022-06-17T12:18:08","date_gmt":"2022-06-17T16:18:08","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=26067"},"modified":"2022-06-17T12:30:42","modified_gmt":"2022-06-17T16:30:42","slug":"inexcusable-and-dangerous-biden-administration-surrenders-u-s-patent-rights-to-world-trade-organization-wto","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/26067\/inexcusable-and-dangerous-biden-administration-surrenders-u-s-patent-rights-to-world-trade-organization-wto\/","title":{"rendered":"Inexcusable and Dangerous: Biden Administration Surrenders U.S. Patent Rights to World Trade Organization (WTO)"},"content":{"rendered":"

For a man who constantly claims<\/a> to support “Buy American,” Joe Biden demonstrates an inexplicable and almost fetish-like tendency to undercut American industries.<\/p>\n

Since day one, the Biden Administration has ceaselessly besieged<\/a> a domestic energy sector that finally achieved U.S. energy independence after decades of effort.\u00a0 And now, it is following through on its inexcusably foolish assault against the U.S. pharmaceutical sector.<\/p>\n

Each year, American pharmaceutical innovators account for an astounding two-thirds<\/a> of all new lifesaving drugs introduced worldwide.\u00a0 That’s the direct result of our system of intellectual property (IP) protections, including patents, which consistently leads the world<\/a>.<\/p>\n

Instead of protecting that legacy of American Exceptionalism, however, the Biden Administration remains bizarrely determined to eviscerate it.\u00a0 Today, the World Trade Organization (WTO) announced agreement<\/a> to forcibly waive patent protections for Covid vaccines, a dangerous effort that the Biden Administration for some reason supports.<\/p>\n

This is nothing short of a license to steal U.S. patents.<\/p>\n

The WTO effort serves no valid purpose, because Covid treatments are already being provided<\/a><\/strong> to poor nations across the world and the underlying pharmaceutical patents it targets are already being licensed at reduced prices or even for free.\u00a0 Moreover, the\u00a0 nations that the WTO claims to help<\/a><\/strong> recognize that lack of immunizations stems not from vaccine shortages, but rather from local logistical<\/a><\/strong> distribution problems and vaccination hesitancy among unvaccinated people in those nations.\u00a0 Indeed, biopharmaceutical manufacturers remain capable of producing 20 billion<\/a><\/strong> vaccine doses this calendar year, so the problem isn’t lack of vaccine availability.<\/p>\n

Additionally, a\u00a0 supermajority of American voters spanning the political spectrum oppose<\/a> this forcible waiver of Covid vaccine patents, favoring instead the licensing of patents to boost the global supply of vaccines.\u00a0 Specifically, over 70% of voters believe that waiving Covid vaccine IP could have significant negative implications on the safety and efficacy of supply.<\/p>\n

American patent protections explain our unmatched record of innovation, and also why we produce the overwhelming share of new drugs worldwide.\u00a0 As the pandemic demonstrated once again, that includes Covid vaccines.\u00a0 The WTO proposal egregiously sacrifices U.S. property rights and undermines the rule of law, which in turn will mean fewer lifesaving vaccines and treatments in the future.\u00a0 If the Biden Administration won\u2019t correct course, Congress must intervene<\/a> to do so.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

For a man who constantly claims to support “Buy American,” Joe Biden demonstrates an inexplicable and almost fetish-like tendency to undercut American industries. Since day one, the Biden Administration has ceaselessly besieged a domestic energy sector that finally achieved U.S. energy independence after decades of effort.\u00a0 And now, it is following through on its inexcusably […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[860,1251,2871,2872,5057,4805,5172,5171],"class_list":["post-26067","post","type-post","status-publish","format-standard","hentry","category-posts","tag-biden","tag-drugs","tag-intellectual-property","tag-ip","tag-patents","tag-pharmaceuticals","tag-world-trade-organization","tag-wto"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=26067"}],"version-history":[{"count":8,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26067\/revisions"}],"predecessor-version":[{"id":26075,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26067\/revisions\/26075"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=26067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=26067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=26067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}