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A Pragmatic Approach to Facilitate Worldwide Access to Covid-19 Vaccines

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dc.date.accessioned 2021-11-01T07:24:44Z
dc.date.available 2021-11-01T07:24:44Z
dc.date.issued 2021
dc.identifier.citation Sang, Wong Hoong (2021) A Pragmatic Approach to Facilitate Worldwide Access to Covid-19 Vaccines;Business Law, and Management (BLM2): International Conference on Advanced Marketing (ICAM4) An International Joint e-Conference-2021 Department of Marketing Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.Pag.435 en_US
dc.identifier.isbn 978-624-5507-15-3
dc.identifier.uri http://repository.kln.ac.lk/handle/123456789/23698
dc.description.abstract The covid-19 outbreak has shown that world leaders are not well prepared to handle such a global pandemic that has crippled global public health and economy due to an efficient transport system and mobility in less than a year. The world is slow to manufacture and equitably distribute highly effective vaccines from patent holders in certain advanced countries to the rest of the world, particularly low-income countries (LIC). This short paper proposes a pragmatic approach to resolve such manufacturing and logistic supply issues. This paper suggests that vaccine manufacturers waive patent rights for a reasonable compensation in this extraordinary time to help World Health Organization (WHO) secure exclusive rights for the multiple-patent pool rather than forcing individual nations to pursue a slow and inefficient advance procurement commitment agreement. Once WHO obtained a patent pool, regional vaccine manufacturing centers can be quickly set up to immunize the world community and restore crippled public health and economic systems. Together with regional leaders, WHO can work together to formulate goals and legal framework for these newly established regional vaccine centers to ensure effective supervision systems, sustainable public health, and production and equitable distribution of quality vaccines to member states, particularly LIC. To resolve present (and future) slow production and equitable distribution of high-quality vaccines, there is an urgent need to call upon WHO to provide world leadership to leverage global human and capital resources to resolve the pandemic efficiently for the benefit of all nations. en_US
dc.publisher Department of Marketing Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka. en_US
dc.subject Covid 19, Local Manufacturer, Patent, Regulation, Technology Transfer, Vaccines en_US
dc.title A Pragmatic Approach to Facilitate Worldwide Access to Covid-19 Vaccines en_US


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