Asset Management

Pharma investors scoff at Covid vaccine patent waiver: ‘We are not convinced’

'Production is currently limited by facilities and people capable of producing vaccines and raw materials, which a patent waiver will not and cannot address'

The US government claims a waiver on intellectual property rights would increase the supply of the vaccine
The US government claims a waiver on intellectual property rights would increase the supply of the vaccine Photo: Getty Images

Fund managers holding healthcare and pharmaceutical stocks have questioned the US government's decision to support a waiver on Covid vaccine patents, claiming the move is unlikely to significantly boost vaccine production and could undermine faith in intellectual property law.

The US said on 5 May it would support a temporary suspension of intellectual property rights for Covid 19 vaccines, a suggestion which was tabled by India and South Africa within the World Trade Organisation last year.

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