Proceedings of the 2022 6th International Seminar on Education, Management and Social Sciences (ISEMSS 2022)

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Patent Waiver: Globally Equitable Supply of Vaccines and the Relation to the US Pharmaceutical Industry

Authors
Shiyu Yan1, *
1Department of Economics, University College London, London, UK
*Corresponding author. Email: laura.shiyuyan@gmail.com
Corresponding Author
Shiyu Yan
Available Online 29 December 2022.
DOI
10.2991/978-2-494069-31-2_123How to use a DOI?
Keywords
Economics; Management; Patent Waiver; the US Pharmaceutical Industry; the Porter’s Five Forces Analysis; TRIPS
Abstract

The request for a COVID-19 vaccine patent waiver since 2021 has raised worldwide concern due to the greater availability of vaccines among developed countries compared to the developing world. This paper analyses the pharmaceutical industry in the United States using a Porter’s five forces model to shed light on the level of competition among the companies. This complements the following discussion over the proponents and opponents of patent waiver for the COVID-19 vaccines, which particularly emphasizes the macro factors regarding society, politics, economics, and technology, and strengths and opportunities for an individual firm. It then evaluates the existing cooperation and aiding schemes across countries to seek improvements in the distribution of vaccines. Finally, the conclusion draws on the potential of the structure of the medicine industry to affect the vaccine distribution, and calls for a more positive contribution from the advanced economies.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 6th International Seminar on Education, Management and Social Sciences (ISEMSS 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
29 December 2022
ISBN
10.2991/978-2-494069-31-2_123
ISSN
2352-5398
DOI
10.2991/978-2-494069-31-2_123How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Shiyu Yan
PY  - 2022
DA  - 2022/12/29
TI  - Patent Waiver: Globally Equitable Supply of Vaccines and the Relation to the US Pharmaceutical Industry
BT  - Proceedings of the 2022 6th International Seminar on Education, Management and Social Sciences (ISEMSS 2022)
PB  - Atlantis Press
SP  - 1053
EP  - 1062
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-31-2_123
DO  - 10.2991/978-2-494069-31-2_123
ID  - Yan2022
ER  -