Lowering the tax rates on profits from patents registered in Australia is unlikely to increase local research and development. But it will be a gift for multinationals.
Waiver talks might convince companies to focus on technology transfer and training, and let go of the plan to maximise patent-based revenues.
Much remains to be resolved before the waiver is translated into increased vaccine supply.
Despite some public virtue signalling, the Canadian government is not doing all it can to improve global access to COVID-19 vaccines. Canada has yet to announce its position on the WTO patent waiver.
The US has backed a proposal to waive intellectual property relating to COVID measures – but global efforts need to go beyond vaccine patents.
Various strategies are being pursued to boost worldwide vaccine coverage.
The change in the US position signals how clearly the success of every country in fighting the pandemic depends on vaccinating the whole world.
It's not clear whether the TRIPS agreement is what's getting in the way of vaccine supply, and waiving intellectual property rights may stifle future innovation.
Increasing skills and the availability of raw materials would be a bigger boost for vaccine production right now.
Pfizer and Moderna are expected to make billions in revenue this year. It's time all vaccine producers share their IP, data and know-how with the rest of the world.
India and South Africa are pressing the World Trade Organization to waive patent rights to help ramp up vaccine production. There's a better solution.
Too many patents and too little information about them makes it hard for the system to weed out patents that unfairly block inventors.
To continue the fast-paced collaborative research and innovation we have seen during the pandemic, here are five ways universities can support health research that responds to societal needs.
A waiver may not allow all developing countries to secure medicines and other anti-COVID technologies in a timely way.
Plus new research on why China is closing down coal-fired power stations. Listen to episode 3 of The Conversation Weekly.
Gen Z have been collaboratively writing Ratatouille the Musical on TikTok – but what do the terms of service say about who owns the art?
The story of invention in America typically features larger-than-life caricatures of white men like Thomas Edison while largely ignoring the contributions of women and people of color.
The changes for allow access to orphan works and put beyond doubt the right of academics to quote from copyrighted works.
Innovation means creating and capturing value from new things. And it's better for the Kiwi economy if investment in that innovation grows local industries and creates jobs.
The TRIPS waiver makes COVID-19 treatments more accessible globally by enabling manufacture and distribution of COVID-19 drugs and medical supplies that would normally be protected by patents.