A thread on Bharat Biotech's (BB) pricing of Covaxin at Rs 600/dose for State governments and Rs 1200/dose for private hospitals. The pricing of Covaxin at prices higher than Covishield puts the so-called Indian vaccine even more out of bounds for the poorer Indian citizens. 1/n
Covishield (Oxford-AstraZeneca) was a 97% public funded vaccine. Yet, Oxford exclusively licensed it to AstraZeneca. AstraZeneca exclusively licensed its Indian market to Serum Institute (SII). SII is now making a close to "super profit". Public funded, but private profits. 2/n
Bill Gates played a major role in convincing Oxford Uni of the IPR way; that was how AstraZeneca got an exclusive license. The license remained exclusive though the vaccine was to be marketed on a non-profit basis in perpetuity. The Covaxin case is much like the Oxford case. 3/n
Covaxin is a product of Indian public funded research. Its SARS-CoV-2 strain was isolated in the National Institute of Virology, Pune under ICMR & transferred to BB for development & manufacture. A report in The Hindu said this on the agreement in April 2020; see snapshot. 4/n
What was the role of BB? An ICMR official told News18 that "ICMR and BBIL are jointly working for the pre-clinical as well as clinical development of this vaccine", and that ICMR had selected 12 institutes in India for clinical trials. See bit.ly/3dLJ9xV. 5/n
BB is indeed a competent firm with a fair track record in vaccine production over the years. But that is not the problem here. Where is the contract between ICMR and BB? Why has it not been made public, given that taxpayer's money was involved in funding the collaboration. 6/n
Did the GoI retain any control over the intellectual property (IP) of the technology? If yes, why did the GoI not share the IP with more firms based on non-exclusive licenses? Why did the Government of India (GoI) give an exclusive license to only BB to produce Covaxin? 7/n
It appears that the GoI has some control over the IP because the GoI had given approval to the Haffkine Institute, Pune to manufacture Covaxin on 16 April 2021. If the IP was BB's, then GoI would not have been able to do this. 8/n
Also, ICMR flaunted power & asked BB to release Covaxin before 15 Aug 2020. ICMR Chief warned BB: "non-compliance will be viewed very seriously. Therefore, you are advised to treat the project on highest priority and meet the given timelines without any lapse." On what basis? 9/n
Given the above interventions, it is clear that the GoI and ICMR had significant authority over how BB dealt with the technology. So, what's the real story behind Covaxin's IP? Does the GoI actually hold the IP? We need to know this. 10/n
Now, if GoI did not retain the IP, why not? Why did it allow a product of public research to be controlled by one private company aiming at commercial profits? Remember, BB then sold-off exclusive rights to sell 100 million Covaxin doses in USA to Ocugen for more profits. 11/n
On the IP related issues in Covaxin, see bit.ly/3ayEehN. Clearly, the way GoI used its leverage with BB was disappointing. And given the way BB has now over-priced Covaxin, disappointment gives way to suspicion. We need transparency.
The GoI should immediately release all the agreements between ICMR and BB to the public. We have to know what control the GoI retained over the IP. How did GoI leverage its IP rights in the midst of the pandemic? Was a public technology let free for private profiteering? n/n
A thread in response to different views expressed against my tweets and articles on Covid #vaccines. Many were abuses; I ignore them. I try to take the reasonable questions and try to answer them here. One question and one answer in each tweet below. Its a long thread, btw! 1/n
Q1) Why should India give vaccines free? Who gives vaccines free?
A1) Most countries are giving Covid vaccines free to their citizens. I shall give examples of some major countries, including United States, United Kingdom, China, Germany and France. See screen shots below. 2/n
...A1...) What about United States? It is free. 3/n
A quick thread on today's announcement of the Government of India (GoI) to open up Covid vaccination to those above 18 years of age from May 1st. The fine print is dangerous. The decision comes with a considerable liberalisation of the pricing of vaccines. 1/n ...
The GoI has essentially given freedom to the vaccine makers to sell 50% of their vaccines to the States "in the open market". At what price? This press note says: "private vaccination providers shall transparently declare their self-set vaccination price." 2/n ...
This manufacturer-determined price will most probably be the base price from which States will have to bid to procure vaccines. This is just what the private vaccine firms were asking the GoI to do. It allows them to make super profits in the midst of the pandemic. 3/n ...
Phew! The last day of “Project Evade”. The govt made 3 things clear: one, it doesn’t intend to spend for farmers and workers; two, instead of borrowing/monetising, it prefers to disinvest & raise money; and three, it sees the crisis as an opportunity to deepen reforms. 1/n […]
World over, out of about $7.5 trillion announced by different govts, about $3 trillion (40%) are “spending and revenue measures” and about $4.5 trillion (60%) are “loans, equity injections and guarantees”. India is a major exception to this global trend. 2/n [...]
If we take a very liberal view, not more than Rs 1.2 lakh crore out of Rs 20 lakh crore in India is direct spending. All the rest are measures to increase liquidity or bank credit. Even if we include some other indirect steps, the total won’t exceed Rs 1.5 lakh crore. 3/n [...]
Today’s Part 4 of ‘Project Evade” by the FM was classic. It was salutary, because it required enormous amounts of guts and audacity to face the people of India on live TV and dish out such extraordinary nonsense, at a time when 100s of people are dying of hunger. 1/n […]
FM started by claiming that govt will link all industrial land banks with GIS tags! Wow. Then she said industrial parks will be ranked by 2020-21. Hello! Ranking of industrial parks was done in 2018 itself, isn’t it? (bit.ly/3g4utcC) Sorry, no questions asked. 2/n […]
Then came the announcements. She said commercial mining is being introduced outside the public sector. One wonders why it is said now. This was already passed as a law in the Parliament in March 2020 itself: the Mineral Laws (Amendment) Bill. See bit.ly/2X31w7X. 3/n
<thread> Today’s presser of the FM was on agriculture. Farmers are struggling due to no markets & lower prices. They expected a cash handout (increase of payment or front-loading 2nd installment of PM-Kisan) or higher MSP or a debt relief. But the FM had other plans! 1/n […]
FM first spoke of a Rs 1 lakh crore financing facility for funding aggregators & FPOs to improve farm-gate infrastructure. This is most likely a loan-based scheme through banks. We already have “Operation Greens” for this in TOP crops. No budget outgo likely. Details awaited. 2/n
FM then set aside Rs 10,000 crore for micro food enterprise clusters. This again is already represented under multiple schemes/heads in the budget. Allocation may slightly rise after today. Still, a major part of this is likely to be loans. Small, but welcome. 3/n […]
Today's Part 2 of "Project Evade" by the FM was truly a damp squib. The first 40 minutes was just a dry narration of claims. The dates here were carefully selected where the public has few ways of independently cross-verifying the claims. 1/n
Again, the extent of fiscal obligation was kept bare minimum with the banking system being used to the hilt to make big claims. Let us, in this thread, examine the claims and announcements of today. 2/n
The FM said that loans worth Rs 86,600 crore were provided to agriculture in March-April 2020. Assuming that 25% of agril loans are given in March-April (2007 estimates), Rs 3 lakh crore was supplied in March-April 2019. 3/n