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Presentation Type

Open Access Poster Presentation

Keywords

Public health--International cooperation; COVID-19 vaccines;

Abstract

The debate over giving away the COVID-19 vaccine formula is a political hot topic. Violating intellectual property law (patents) to give away the vaccine is a tempting option for aiding other countries in the current global health crisis. In actuality, many problems exist with this proposed solution, including violating intellectual property law, disincentivizing innovation, undermining confidence in vaccine safety, harming America’s geopolitical objectives, and inefficiencies. The United States can and should aid the world in obtaining vaccines, but it should not do so by waiving patent law and giving away the vaccine formulas.

Start Date

6-3-2023 11:30 AM

End Date

6-3-2023 1:30 PM

Event Host

University Honors Programs, Iowa Regent Universities

Faculty Advisor

Lisa Jepsen

Department

Department of Economics

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

File Format

application/pdf

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Mar 6th, 11:30 AM Mar 6th, 1:30 PM

How to Not Save the World from COVID-19: The Dire Consequences of Giving Away the Vaccine Formula [poster]

The debate over giving away the COVID-19 vaccine formula is a political hot topic. Violating intellectual property law (patents) to give away the vaccine is a tempting option for aiding other countries in the current global health crisis. In actuality, many problems exist with this proposed solution, including violating intellectual property law, disincentivizing innovation, undermining confidence in vaccine safety, harming America’s geopolitical objectives, and inefficiencies. The United States can and should aid the world in obtaining vaccines, but it should not do so by waiving patent law and giving away the vaccine formulas.