SUMMARY POINTS AND POLICY RECOMMENDATIONS Sample Clauses

SUMMARY POINTS AND POLICY RECOMMENDATIONS. The APAs are part of a strategy to provide upfront financing for Covid-19 vaccines and to accelerate their development and availability. Since the begin- ning of the pandemic, governments have spent at least €93 billion on COVID-19 vaccines and thera- peutics globally127. It is the correct public policy re- sponse to use public financing to ensure pandemic products are developed rapidly and become available equitably. But there should be strings attached to public financing to more vigorously pursue the ob- jective to make Covid-19 vaccines and access to them Global Public Goods. Below are some other summary considerations and recommendations that could enhance equitable access to Covid-19 vaccines. The APAs focussed on de-risking company invest- ments which offered the companies significant benefits. For example, the production capacity that has been created with this funding is a permanent benefit because it will stay with the company after the APA expires. Also the financing for development costs, if spent, does not have to be paid back in case a product is not successful (nor is compensation due in case of massive success and profits). In exchange, there is no demand to share the data and knowledge generated. These assets also stay with the company without requiring they be shared, licensed for use, or co-owned in the public interest. Sharing of intellectual property, including know-how, data and technology is critical to bring in additional manufacturers. This is particularly necessary in countries and regions that are being underserved as a result of vaccine hoarding by wealthy nations. One of the IPPPR’s findings was that “Concentration of manufac- turing capacity, and of trials and knowledge generation, for vaccines, therapeutics, diagnostics and other es- sential supplies in a small number of countries has been a major contributor to inequity”128. Supporting the TRIPS Waiver as proposed by South Africa and India has merit, in particular for health technologies such as therapeutics and diagnostics that do not require technology transfer. The European Union therefore should also support the TRIPS Waiver. 127 ▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇-▇▇▇▇▇.▇▇▇▇/81038-2/ 128▇▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/wp-content/uploads/2021/05/COVID-19-Make-it-the-Last-Pandemic_final.pdf The lack of transparency of the agreements is signif- icant. For example, none of the agreements disclose the price the EU’s health systems will pay for the vaccines. The public is asked to trust tha...
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