Australia Supports Waiving Intellectual Property Protection for Covid-19 Vaccines

Australia’s Minister for Trade, Tourism, and Investment, Dan Tehan, said in a statement delivered that the nation will support an international push to waive the Intellectual Property Rights (IPRs) for Covid-19 vaccines. The decision came as the rising infection rate across the globe is prolonging the pandemic and creating new deadly variants of the virus.

Both South Africa and India have led the campaign and put in a lot of effort to change the rules of the World Trade Organization (WTO) and make it convenient for the low and middle-income nations to manufacture and sell affordable generic copies of the COVID-19 vaccines, which are produced by pharmaceutical giants such as Pfizer.

Even the United States threw its weight behind the proposal earlier this year by saying that extraordinary measures were required to boost the global production of Covid-19 vaccines for helping fight the spread of the virus.

Australia’s position, in this scenario, has slightly always been more ambiguous. Although the federal government appreciated the announcement made by Biden’s administration and has time and again expressed its support for negotiations on the matter, it has fallen short of expressing its support for the waiver itself. Various advocacy groups that have been urging the government to back the waiver for quite a while now met Mr. Tehan recently and said that he made a private commitment concerning the nation supporting the proposal. Mr. Tehan seemed to confirm that position publicly when the reporters asked about clarifying Australia’s stance. He said that when it comes to Covid-19, the nation will always support the Trade-Related Aspects of Intellectual Property Rights (TRIPS) waiver. He further said that Australia would continue working efficiently in Geneva for expanding the global production of vaccines, which would make everyone across the globe have access to the vaccine and keep them safe.

The human rights and advocacy groups campaigning on the issue stated that the government’s position shifted in this case. For instance, this year, in June, Mr. Tehan stated that the Australian government wasn’t opposed to the proposal and was well prepared to look at the vaccine waiver; however, it went no further on the matter.

The Convener of the Australian Fair Trade and Investment Network, Patricia Ranald, welcomed Mr. Tehan’s change from support on the matter to actually supporting the TRIPS waiver by saying that “actions speak louder than words.”

The WTO meeting is making progress as a critical one for the nations promoting the waiver. The waiver has received immense support from the less wealthy, developing countries; however, many European countries blocked the proposal earlier this year at a WTO meeting as they thought that waiving IP Protection might discourage the pharmaceutical companies from investing money into R&D.

The Australian federal government has also drawn attention to the fact that the waiver might not be sufficient in itself to increase the production of Covid-19 vaccines across the globe, primarily because most nations don’t have production facilities at an advanced level and skilled labor required to produce them.

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Square Inc. Joins Cross-Licensing Platform to Reduce Patent Suits

Square Inc., an American company specializing in providing financial services and facilitating digital payments, has recently joined a cross-licensing platform with other technology companies to lessen Patent Lawsuits over cryptocurrency and encourage the growth of digital currencies. According to the company, it is becoming a part of the Open Innovation Network, wherein all the members agree for royalty-free access to patents for open source technology.

In 2020, Square established the Cryptocurrency Open Patent Alliance, in which all the members are required to agree towards not suing each other over patents. It also provides a shared patent library for access to the underlying technologies.

Max Sills, the Counsel at Square and the General Manager of the Cryptocurrency Alliance, said in a recent statement delivered that the company is looking forward to avoiding long-drawn-out legal battles in the present rapid time of growth. He also stated that the ultimate goal of joining the Open Source Network is to have a non-aggression pact in place that underpins the new digital currencies and tools without which one can’t do business in the market.

The Network includes technologies like Hadoop and Linux kernel that are widely used to store and process large datasets.

Keith Bergelt, the Chief Executive of the Open Innovation Network, said that when it comes to dealing with core functionality, companies or individuals should not sue one another. According to him, the idea should always be to build one’s differentiation around the core, which won’t impair anyone from establishing a business and only safeguard them from being sued on what is fundamentally open.

The Open Innovation Network was created to safeguard the Linux operating system from patent litigation lawsuits. It even has more than 1,000 patents at present of its own that all the members get royalty-free. It was founded in 2005 by companies including Sony Corp., Red Hat Inc., and International Business Machines Corp., and currently, it has more than 3,500 members across the globe, such as Oracle Corp., Microsoft Corp., and Alphabet Inc.’s Google. In the past decade, the Network has grown significantly to include energy, automotive, and medical device fields.

Square isn’t the only company trying to reduce patent suits that have bedeviled other industries, specifically in the field of technology. Litigation disputes over patents, like the ones involving medical devices and smartphones, among other industries, can cost an enormous amount of money in legal fees.

Many other groups have also been set up to address such challenges; however, each of them focuses on a separate issue concerning patent disputes. For instance, the Open Crypto Alliance was formed to identify Patent Applications to challenge or oppose, such as by providing appropriate information to the patent examiners to use as a legal basis for rejecting the applications. For more visit: https://www.trademarkmaldives.com

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