World Bank President David Malpass stated on Tuesday that the financial institution doesn’t help waiving mental property rights for COVID-19 vaccines, out of concern that it will hamper innovation within the prescription drugs sector.
Malpass, requested throughout a media name about new World Bank financial forecasts whether or not he helps WTO negotiations for a vaccine waiver, stated: “We don’t support that, for the reason that it would run the risk of reducing the innovation and the R&D in that sector.”
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