Elizabeth Warren responds to Biden's backing of COVID-19 vaccine patent waivers: 'I'm delighted'

[gregr]

Further government intrusion into business, and where government has ZERO authority to tread.

I worked in the Pharma industry for 30 years, and I can tell you, the quickest, best way to choke off innovation, is to further strangle the ability of pharma companies to takes risks, deal with all the government/FDA mandates, and be able to deliver a profit to shareholders, pay enough to hire and retain the best and brightest employees, and absorb all the costs associated with research, development, optimization, manufacture, packaging, and distribution of pharmaceuticals. The cost to research and develop and market new drug molecules is extremely expensive, and generally speaking, only 1 in 12 new molecules worked on ever makes it to market, so that 1 in 12 drug must recoup all the expense of not only it`s own research and development, but the other 11 that failed. Pharmaceutical manufacturing jobs are high paying jobs with good benefits and allow employees to provide a good living for themselves and their families, not to mention, contributing a good therapeutic outcome for those struggling with bad, and oftentimes debilitating medical problems.

Elizabeth Warren responds to Biden's backing of COVID-19 vaccine patent waivers: 'I'm delighted'

On Wednesday, the Biden administration backed waiving intellectual property protections for COVID-19 vaccines, a move that delighted Sen. Elizabeth Warren.

www.yahoo.com

 

[Ingomike]

Actually in this case (and only this case) if they are granted immunity from liability why should they retain patent rights, especially since the taxpayers funded a lot of this? Don't want waivers of patent rights, don't accept taxpayer money and waivers of liability...

 

[Hkindiana]

Actually in this case (and only this case) if they are granted immunity from liability why should they retain patent rights, especially since the taxpayers funded a lot of this? Don't want waivers of patent rights, don't accept taxpayer money and waivers of liability...

Sure, we can give up just a “few” of our gun rights too, right?

 

[Ingomike]

Sure, we can give up just a “few” of our gun rights too, right?

I fail to see the parallel here, but If the government buys your gun why can't they tell you what to do with it?

 

[jamil]

Actually in this case (and only this case) if they are granted immunity from liability why should they retain patent rights, especially since the taxpayers funded a lot of this? Don't want waivers of patent rights, don't accept taxpayer money and waivers of liability...

I actually agree with this. Government and pharma were up each other's ass for this. It's a just reward.

 

[DoggyDaddy]

From the article: "“My job is to help him succeed as president,” she said."

Golly. I thought her (and every other congressperson's) job was to represent her/their constituents.

 

[KittySlayer]

Pull the patents you’ll never see Warp Speed again. You thought Jimmy Carter’s 55mph was slow. Next pandemic it’ll be 4-5 years to be any where close to where we are today. Doesn’t matter who is sitting in the Big Boy seat in the Oval Office.

The risk/reward ratio would be totally jacked. Pharma will have no incentive to take the risk. In addition Pharma won’t have the resources to work the magic as talent will flee to other endeavors.

Huge unintended consequences that our current “leaders” who have absolutely no business skills from their decades in the swamp are unable to see in their crystal balls.

 

[gregr]

Actually in this case (and only this case) if they are granted immunity from liability why should they retain patent rights, especially since the taxpayers funded a lot of this? Don't want waivers of patent rights, don't accept taxpayer money and waivers of liability...

The pharmaceutical companies were told they were working for the good of the people, at government`s bidding. The vaccines have been free to everyone who wants one, but the pharmaceutical companies did all the, albeit, abbreviated work, they should have the patents. You do NOT want THIS precedent to be set.

 

[Hkindiana]

I fail to see the parallel here, but If the government buys your gun why can't they tell you what to do with it?

Slippery slope . . . . .

 

[jamil]

If you don't want strings attached don't get in bed with the government.

 

[Ingomike]

The pharmaceutical companies were told they were working for the good of the people, at government`s bidding. The vaccines have been free to everyone who wants one, but the pharmaceutical companies did all the, albeit, abbreviated work, they should have the patents. You do NOT want THIS precedent to be set.

How much of taxpayers money did they take? You mean the precedent of taxpayers giving money and waiving liability for private companies to produce a product. I sure don't...

 

[Ingomike]

Slippery slope . . . . .

Wasn't the slippery slope taking the money and liability waivers?

 

[gregr]

Wasn't the slippery slope taking the money and liability waivers?

That`s delusional. The pharma companies did a huge service for government and the taxpayer. Government certainly wasn`t capable of producing the vaccines, and the taxpayer was going to pay for this any way it happened. There wasn`t time for the usual commercial research and development. But the slippery slope is allowing government to interfere with the intellectual properties of the companies who pulled off this huge and complicated task for the taxpayer, and the globe. What kind of a person willingly allows government to take an even bigger step towards socialisation of our healthcare?

 

[Ingomike]

That`s delusional. The pharma companies did a huge service for government and the taxpayer. Government certainly wasn`t capable of producing the vaccines, and the taxpayer was going to pay for this any way it happened. There wasn`t time for the usual commercial research and development. But the slippery slope is allowing government to interfere with the intellectual properties of the companies who pulled off this huge and complicated task for the taxpayer, and the globe. What kind of a person willingly allows government to take an even bigger step towards socialisation of our healthcare?

"It is difficult to get a man to understand something, when his salary depends on his not understanding it.” ― Upton Sinclair

 

[defaultdotxbe]

Actually in this case (and only this case) if they are granted immunity from liability why should they retain patent rights, especially since the taxpayers funded a lot of this? Don't want waivers of patent rights, don't accept taxpayer money and waivers of liability...

Immunity from liability is the norm for vaccines. Instead, compensation for injuries is handled through the National Vaccine Injury Compensation Program

The reason it was set up was due to injurious and arguably frivolous lawsuits and settlements had caused many vaccine manufacturers to shut down, or stop producing vaccines for the US market (sound familiar?)

In order to prevent a shortage of vaccines and ensure the US had access to the latest developments liability was shifted to the NVICP trust fund, which is funded by a tax of vaccine doses in the US

 

[BugI02]

Actually in this case (and only this case) if they are granted immunity from liability why should they retain patent rights, especially since the taxpayers funded a lot of this? Don't want waivers of patent rights, don't accept taxpayer money and waivers of liability...

I've heard this argument before, and it is not compelling. Those companies hired the talent, equipped the labs and did the prior research that made the vaccine possible at their own expense. Paying for a few additional tools doesn't entitle you to what is done with those tools. The taxpayers are an investor, not an owner

Would you argue that the government owns Musk's rocket designs because they gave him a contract to launch payloads?

 

[Ingomike]

I've heard this argument before, and it is not compelling. Those companies hired the talent, equipped the labs and did the prior research that made the vaccine possible at their own expense. Paying for a few additional tools doesn't entitle you to what is done with those tools. The taxpayers are an investor, not an owner

Would you argue that the government owns Musk's rocket designs because they gave him a contract to launch payloads?

The best counter proffered here. Makes sense...

 

[gregr]

"It is difficult to get a man to understand something, when his salary depends on his not understanding it.” ― Upton Sinclair

it is pointless to have a battle of wits with an unarmed opponent-the internet