Some of the world’s largest national business associations signed an open letter to government leaders urging support for strong intellectual property protections and partnerships necessary to deliver needed COVID-19 solutions.
Signed by the U.S. Chamber of Commerce and business associations from several countries,the letter urges government leaders to remove obstacles to innovation access, maintain strong IP protections, and encourage smart global collaboration through existing technology licensing models.
Specifically, the letter asks governments to focus on:
- Maintaining strong, clear, and predictable protections of intellectual property like patents, trademarks, trade secrets, and copyrights, which have “enabled the rapid private sector response to the pandemic.”
- Removing trade barriers, including “unnecessary regulatory requirements, taxes, tariffs, export bans, stockpiling, and distribution burdens.”
- Keeping working systems in place and avoiding creating new ones, because intellectual property is already “being licensed efficiently and expeditiously between private parties.”
What they’re saying: “Intellectual property will be the foundation of every vaccine, treatment, and cure we mobilize; it’s critical that we nurture those foundations, not uproot them,” said Patrick Kilbride, SVP of the Global Innovation Policy Center (GIPC) at the U.S. Chamber of Commerce.
Why it matters: Businesses of all sizes, especially biopharmas, “have assumed great business risk with no assurance that they will be able to recoup this extraordinary expenditure of time and resources,” the letter says. By protecting IP and supporting public-private partnerships and collaboration, businesses will be able to continue this critical work—and lead the world out of this crisis.
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