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Pin to quick picksAstrazeneca Share News (AZN)

Share Price Information for Astrazeneca (AZN)

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Share Price: 12,264.00
Bid: 12,280.00
Ask: 12,282.00
Change: 146.00 (1.20%)
Spread: 2.00 (0.016%)
Open: 12,244.00
High: 12,384.00
Low: 12,228.00
Prev. Close: 12,118.00
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Top U.S. trade negotiator meets Pfizer, AstraZeneca execs on COVID-19 IP waiver

Tue, 27th Apr 2021 02:23

By Andrea Shalal

WASHINGTON, April 26 (Reuters) - U.S. Trade Representative
Katherine Tai on Monday met virtually with top executives of
drugmakers Pfizer and AstraZeneca PLC to discuss
a proposed waiver of certain intellectual property rights in
response to the COVID-19 pandemic.

Members of the World Trade Organization are due to discuss a
proposal by India and South Africa to waive certain provisions
of the WTO's Agreement on Trade-Related Aspects of Intellectual
Property Rights (TRIPS) on April 30, but the United States and a
few other big countries have blocked such a move.

Democratic lawmakers, civil society groups, and 60 former
heads of state and 100 Nobel Prize winners have urged President
Joe Biden to back the waiver. White House Press Secretary Jen
Psaki on Monday said she had no updates on the issue.

Tai's meetings with the Pfizer and AstraZeneca executives
reflect her intense engagement on the issue, and follow similar
meetings with advocacy groups, industry executives and others.

Earlier this month, Tai told a WTO meeting the gaping divide
between developed and developing countries' access to medicines
was "completely unacceptable" and industry needed to make
sacrifices in times of crisis.

In her discussion with Pfizer Chief Executive Dr. Albert
Bourla, Tai emphasized her commitment to working with other
members of the WTO on a global response to the crisis, her
office said in a statement.

That included "the role of developing countries in any
solution that addresses critical gaps in global production and
distribution of vaccines," USTR said.

Tai also discussed the issue with Dr. Ruud Dobber, head of
U.S. business at AstraZeneca, as well as the White House's
decision to share up to 60 million doses of AstraZeneca's
COVID-19 vaccine with countries in need.

USTR said Tai and Dobber discussed "increasing vaccine
production, global health issues and the proposed waiver."
(Reporting by Andrea Shalal
Editing by Sonya Hepinstall)

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