07.05.2021 - 00:19 [ Yahoo.com ]

Pfizer, Moderna shares plummet after Biden administration backs a COVID-19 vaccine patent waiver

The Biden administration „believes strongly in intellectual property protections,“ Tai said in a statement, but the White House will back the waiver given the „extraordinary circumstances of the COVID-19 pandemic.“ The administration has faced pressure to support the measure, which is aimed at increasing vaccinations around the world — especially in countries experiencing a surge in infections, like India — without having to rely solely on exports.