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Biden’s Vaccine IP Debacle

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Okay Mr. Joe Sanders-Pelosi-Harris-Warren-Ocasio-Cortez , you have done it now. How dare you do this to companies who have spent billions on research and development providing the world with safe, effective vaccines. You sir are a blooming idiot. If I were the CEO’s of Pfizer and BioNTech. I would tell you to go pound sand and refuse to give up the ingredients and processes for my vaccines. What would that fool do, close my business? Yeah, right. How would that settle with the American public? This is a travesty that we as Americans should not put up with. Note my opening sentence, Biden’s name isn’t there since I feel certain he was not able to come up with this communist scheme, they did! WHO IS IN CHARGE IN AT THAT PENNSYLVANIA AVENUE BUILDING? It sure isn’t him. 

Date: May 9, 2021 at 8:29:31 AM PDT

 “In one fell swoop he has destroyed tens of billions of dollars in U.S. intellectual property, set a destructive precedent that will reduce pharmaceutical investment, and surrendered America’s advantage in biotech, a key growth industry of the future.”

His patent heist is a blow to the Covid fight and U.S. biotech.

By The Editorial Board

May 6, 2021

We’ve already criticized President Biden’s bewildering decision Wednesday to endorse a patent waiver for Covid vaccines and therapies. But upon more reflection this may be the single worst presidential economic decision since Nixon’s wage-and-price controls.

In one fell swoop he has destroyed tens of billions of dollars in U.S. intellectual property, set a destructive precedent that will reduce pharmaceutical investment, and surrendered America’s advantage in biotech, a key growth industry of the future. Handed an American triumph of innovation and a great soft-power opportunity, Mr. Biden throws it all away.

***

India and South Africa have been pushing to suspend patents at the World Trade Organization for months. They claim that waiving IP protections for Covid vaccines and therapies is necessary to expand global access, but their motivation is patently self-interested.

Both are large producers of generic drugs, though they have less expertise and capacity to make complex biologics like mRNA vaccines. They want to force Western pharmaceutical companies to hand over IP free of charge so they can produce and export vaccines and therapies for profit. Their strategy has been to shame Western leaders into surrendering with the help of Democrats in the U.S.

But suspending IP isn’t necessary to expand supply and will impede safe vaccine production. The global vaccine supply is already increasing rapidly thanks to licensing agreements the vaccine makers have made with manufacturers around the world.

Pfizer and BioNTech this week said they aimed to deliver three billion doses this year, up from last summer’s 1.2 billion estimate. Moderna increased its supply forecast for this year to between 800 million and a billion from 600 million. AstraZeneca says it has built a supply network with 25 manufacturing organizations in 15 countries to produce three billion doses this year.

AstraZeneca and Novavax have leaned heavily on manufacturers in India to produce billions of doses reserved for lower-income countries. But India has restricted vaccine exports to supply its own population. IP simply isn’t restraining vaccine production.

Busting patents also won’t speed up production, since it would take months for these countries to set up new facilities. Competition will increase for scarce ingredients, and less efficient manufacturers with little expertise would make it harder for licensed partners to produce vaccines.

There’s also the problem of safety. Johnson & Johnson has experienced quality problems at an Emergent plant making its vaccines, and that’s in Baltimore. Imagine the potential problems with unlicensed producers in, say, Malaysia or Brazil. If vaccines made there have complications, confidence in licensed vaccines could plummet too. And who would Pfizer and Moderna sue to get their reputations back?

The economic self-damage is also hard to fathom. The U.S. currently has a competitive advantage in biotech and biologics manufacturing, which could be a growing export industry. Waiving IP protections for Covid vaccines and medicines will give away America’s crown pharmaceutical jewels and make the U.S. and world more reliant on India and China for pharmaceuticals.

Moderna has been working on mRNA vaccines for a decade. Covid represents its first success. Ditto for Novavax, which has been at it for three decades. Small biotech companies in the U.S. have been studying how to create vaccines using nasal sprays, pills and patches.

Thanks to Mr. Biden, all this could become the property of foreign governments. Licensing agreements allow developers to share their IP while maintaining quality control. Breaking patents and forcing tech transfers will enable China and low-income countries to manufacture U.S. biotech products on their own.

China’s current crop of vaccines are far less effective than those in the West, but soon Beijing might be able to purvey Pfizer knock-offs. The U.S. has spent years deploring China’s theft of American IP, and now the Biden Administration may voluntarily let China could reap profits from decades of American innovation.

***

Instead of handing over American IP to the world, Mr. Biden could negotiate bilateral vaccine agreements and export excess U.S. supply. If Mr. Biden wants to increase global supply safely, the U.S. could spend more to help the companies produce more for export. Then the jobs would go to Americans. We thought this was the point of the production deal Mr. Biden negotiated between J&J and Merck.

Alas, this President seems to be paying more attention these days to Elizabeth Warren, Bernie Sanders, Alexandria Ocasio-Cortez and Nancy Pelosi. They think vaccines and new drugs can be conjured by government as a public good with no incentive for risk-taking or profit. This really is destructive socialism.

Mr. Biden ought to listen to Angela Merkel. Pfizer’s partner BioNTech is a German firm, and the German Chancellor said Thursday that she opposes the WTO heist: “The protection of intellectual property is a source of innovation and it must remain so in the future.”

At least IP is safe in Germany. Mr. Biden has sent a signal around the world that nobody’s intellectual property is safe in America.

There is nothing I can add to this pitiful, destructive, and downright idiotic  decision by that fellow who is supposed to be our president.

 

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LOL,  Can you name the above group?  LOL Another barn burner from Mustang. I just love this one! Read and enjoy, and if you like it go to his website and say so. He has a great website, well researched, thought out, and usually with a tad of humor, such as this one.

Back to Chinese Checkers

by Mustang

April 13, 2021 — bunkerville

A few interesting developments among the so-called China watchers.  There is nothing for you to do about this, of course, but I thought it would provide at least some amusement.  So, there is this fellow named Sandeep Dhawan who writes advice to the US State Department suggesting what they ought to do about China.  I’m sure the State Department appreciates this advice — the Lord knows if anyone needed advice, it’s the US State Department.  Sandeep’s bona fides include the fact that he’s a former commander in the Indian navy.  I found this curious, so I did a few minutes of G-searching and could not find one single incident where the Indian Navy ever distinguished itself in a combat role at sea.  Well, it may not matter.

Russia, India, and China

Sandeep is concerned because, as the United States withdraws from its foreign outposts, China is moving in to “fill up the vacuum.”  Moreover, Chinese Foreign Minister Wang Yi’s latest visit to the Middle East seems to indicate (to Sandeep) that China is definitely “moving in.”  Now, maybe it’s just me, but … so what?  Yi’s vow to “work with Saudi Arabia, Turkey, Iran, UAE, Bahrain, and Oman to “help protect their core interests against foreign interference” doesn’t bother me in the least.  More to the point, if Iran invaded Saudi Arabia tonight at midnight, I couldn’t care less.  Remember, I have long advocated that the solution to the petty tyrants in the Middle East is to convince the Saudis that the Iranians are good to eat.  Sorry, my friends, but I don’t care if China spends all of its silver taels on Algeria, Egypt, Palestine, Eritrea, or on Huey, Dewey, and Louie.  In fact, I think China should spend all their money in the Middle East.  We American taxpayers need a break.

Note:  I wonder if China realizes that all those countries hate each other almost as much as they hate us?

What does concern me, however, is that given America’s hunger for Chinese-made plastic bowls, it will be OUR spending at Wal-Mart that will actually fund China’s mischief in the Middle East.  Painfully, we all know that the average female shopper at Wal-Mart would trade in her first born son for a set of eight plastic storage bowls if they come in multiple colors.  Yeah, patriotism is important, so long as it doesn’t interfere in plastic storage ware.

Meanwhile, Russia’s Putin and China’s Xi are forming a mutual support arrangement.  They didn’t do this when Trump was president, of course … they know what a war hungry maniac Trump was.  But now that Joe Biden’s in the White House … well, off come the gloves.  Truly, this IS the danger of electing a nitwit to the presidency, and a former prostitute as his Vice … do you think anyone in the old country will respect America’s leadership, or will they take advantage of the opportunities handed to them by the American voter?

Note:  I don’t know for a fact that Kamala Harris ever was a prostitute, but that’s what Peter, who comments here, said — and it may all boil down to how one defines prostitution, but for the record I trust Peter, and this should go a long way toward reducing what I owe him.

But let’s be optimistic … even assuming that China and Russia “divide the world” among them, so what?  At some point in the future, the American dim-bulbs who voted for Biden will be called away and we’ll end up with a president with cajones.  After this new president nukes everyone one who is friends with China or Russia, the world will belong to us.  Then we can start fighting among ourselves, which is what we like to do almost better than anything (except Wal-Mart shopping).

LOL, What a great post for today, Thank you Mustang!!!