“Waiving vaccine patents?”, Enrique Feás and Federico Steinberg (Elcano, Spain)

These extraordinary times and circumstances call for extraordinary measures’: with this statement, the US Trade Representative announced her support for the temporary waiver of IP protections on the COVID-19 vaccine in the framework of the World Trade Organisation (WTO). The problem is that the measures needed must not only be extraordinary, but they must also work. Saving lives is, by all means, more important than any corporate profit. However, the ultimate goal is not to suppress profit but to maximise global vaccine production. Thus, the question is whether patent deregulation is the best way.

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