Immediately license all patents necessary for vaccine, drug production: Jairam Ramesh
"USA supports waiver of IP protections on COVID-19 vaccines. Here is an immediate 2-point agenda for increasing vaccine and medicine availability. Hope you will give this your serious consideration, @PiyushGoyal. It is a logical consequence of the...

"Hope you will give this your serious consideration, @PiyushGoyal. It is a logical consequence of the stance we have taken at the WTO," Ramesh said on Twitter.
"The Union Government must issue notification under Sections 92 and 100 of the Patents Act to freely license all patents necessary for vaccine and drug production, including for equipment and all raw materials for vaccines, hospital equipment and drugs to treat COVID-19," he further said.
Ramesh said that the issue of the amount of royalties could be decided in due course as laid out in the Patents Act but it should not come in the way of immediate licensing by the government.
USA supports waiver of IP protections on COVID-19 vaccines. Here is an immediate 2-point agenda for increasing va… https://t.co/lHSABvFFqa
— Jairam Ramesh (@Jairam_Ramesh) 1620297041000The central government must provide full support to those companies and institutions which have facilities to scale up vaccine production, the former Union minister added.
The Indian industry has a well-respected expertise and capability to rapidly manufacture raw materials, consumables and equipment necessary to produce drugs, vaccines and medical devices if Intellectual Property barriers are removed, he noted.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.