‘Our current intellectual property model puts Big Pharma profits ahead of any consideration, including public health. It also impedes innovation.’ This morning we hear from Joe Stiglitz at #Rio2023 on why the current patent model is bad for nearly all of us.
‘You can see this during Covid, where Big Pharma put their own interests ahead of the lives and well being of literally hundreds of millions of people around the world, not to mention our economy’ Stiglitz at #Rio2023
‘The ability of countries to deal with #ClimateChange depends on access to technology. Currently, much technology is in the hands of richest countries. Way back, we said we’d need to share this technology. Rich countries have never delivered on this promise’ Stiglitz #Rio2023
‘Pharma told us “a TRIPS waiver wouldn’t make any difference, most countries can’t produce this stuff anyway.” Well, if that’s true, why are you opposing it so fiercely? Agree the waiver, no one would be able to use it. Of course they know that’s not true’ Stiglitz at #Rio2023
‘I disagree with those developing countries that haven’t supported Ukraine during Russia’s invasion. I think it’s short-sighted. But it’s understandable. Because when those countries needed Western help in Covid, they got nothing. There was no solidarity.’ Stiglitz at #Rio2023
‘I think countries now need to override patents, start producing medicines, and export them. We need a sort of civil disobedience by governments. The ability of the WTO to enforce these rules at the moment is limited. I encourage countries to defy them.’ Stiglitz at #Rio2023
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Guillaume Long closes #Rio2023 saying an absolute priority for building a better world is rescinding corporate courts. As foreign minister of Ecuador he made a start when his government ripped up 24 investment agreements ✊
Ecuador set up a democratic commission to investigate the country’s investment deals, and found many of them were signed illegally, and none had a positive impact on the people. More than anything, they benefitted the oil sector, and were a disaster for #ClimateChange
Guillaume Long welcomes the withdrawal of European countries for leaving the Energy Charter Treaty. ‘But there’s a contradiction. These same countries are trying to stop global south countries leaving similar treaties. It’s “do what I say, not what I do”’ #Rio2023
So to be clear what’s happened, Big Pharma employed a not-for-profit to undermine South Africa’s WHO-backed mRNA hub. In its place they propose a neo-colonial scheme to make vaccines offshore to bypass Africa’s governments. 🧵 #PeoplesVaccine 1/ bmj.com/content/376/bm…
Reminder, the hub is trying to produce an mRNA vaccine. Moderna & Pfizer refused to share their recipe. Maybe they believed the racist assumption that Africa couldn’t possibly produce mRNA? Seems they were wrong. 2/ aljazeera.com/news/2022/2/3/…
So now, Big Pharma uses a not-for-profit to call for the hub to be “terminated immediately” @ellenthoen: “If you run a not-for-profit and you go around trying to stop people from developing lifesaving vaccines, then I don’t know what your agenda is but it smells really bad” 3/
Just found out #Pfizer made $37bn on its vaccine last year. The most lucrative drug in history. Sales have doubled Pfizer’s revenue to $81 billion. If Pfizer were a country it would have the 66th largest GDP, ahead of Ethiopia & Luxembourg. #PeoplesVaccine🧵1/
Pfizer is expecting to bring in $54 billion in Covid-19 revenue next year from its vaccine and pill. The total amount they will make on their vaccine and treatment is truly mind-blowing. 2/ cnbc.com/2022/02/08/cov…
Last week Covax, the body supposed to ensure fairer distribution of vaccines, said it was out of money and needed $5 billion to pay for syringes and other urgent supplies – that’s a mere 1/7 of Pfizer’s vaccine revenue last year. 3/ independent.co.uk/news/health/pf…
After all the UK government has done to back them, Big Pharma still isn’t happy. They say the UK should be put on a US trade sanctions ‘watch list’ because the #NHS has too much power to negotiate down medicine prices. #PeoplesVaccine 🧵 1/
Basically, ‘the NHS doesn’t pay Big Pharma enough.’ And worryingly, they think the UK government might agree with them – welcoming a NICE review, though still they think it should go further. This would represent a massive threat to the #NHS. 2/
They also think we should break from Europe’s new approach to medicine approval, because it weakens, ever so slightly, Big Pharma’s monopolies on drugs. 3/
If we ever want a normal Christmas again, we need to vaccinate the world. We can only do that by overriding Big Pharma’s stranglehold on vaccine recipes. Today we reveal some startling new stats 1/ #PeoplesVaccine#TRIPSWaiver
The EU, UK & US have received more vaccine doses in the last 6 weeks than African countries have received all year. Just 8.6% of people in Africa have been fully vaccinated. This FT graph says it all in terms of just how unequal things are 2/
If we rolled out vaccines to everyone at the same rate the UK is giving boosters, we could vaccinate the world by February. Whereas, if things keep going as they are, everyone in Africa won’t have received their *first dose* until April 2023. 3/ independent.co.uk/world/uk-eu-us…
I welcome Johnson’s conversion on #ClimateChange at #Cop26, but the rhetoric is divorced from his actions. At a basic level, approving a new coal mine and oil licenses, and cutting tax on short haul flights is criminal. 1/7 gov.uk/government/spe…
But the bigger problem is that Johnson thinks the market, big business & big finance will save us. That means while lecturing other countries on climate, he’s expanding a hyper-globalised, neo-colonial economy that is incompatible with tackling the #ClimateEmergency. #COP26 2/7
The trade deals he’s signing will make things worse. More food flown round the world, more industrial agriculture, less regulation, and more power to big business, which allows energy corporations to sue governments for taking 👇 #ClimateAction 3/7 news.sky.com/story/fossil-f…