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The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships

The global roll-out of vaccines is crucial to defeating the pandemic, but the lack of technical know-how and manufacturing infrastructure for production are constraining the speedy provision of vaccines globally. This will remain true even if the intellectual property rights of COVID-19 vaccines are...

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Detalles Bibliográficos
Autores principales: Fu, Xiaolan, Buckley, Peter J., Sanchez-Ancochea, Diego, Hassan, Ines
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Palgrave Macmillan UK 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8579177/
http://dx.doi.org/10.1057/s42214-021-00124-7
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author Fu, Xiaolan
Buckley, Peter J.
Sanchez-Ancochea, Diego
Hassan, Ines
author_facet Fu, Xiaolan
Buckley, Peter J.
Sanchez-Ancochea, Diego
Hassan, Ines
author_sort Fu, Xiaolan
collection PubMed
description The global roll-out of vaccines is crucial to defeating the pandemic, but the lack of technical know-how and manufacturing infrastructure for production are constraining the speedy provision of vaccines globally. This will remain true even if the intellectual property rights of COVID-19 vaccines are waived temporarily. To accelerate technology transfer and global vaccine production, this article calls for the promotion of joint ventures between global COVID-19 vaccine manufacturers and local pharmaceutical companies so as to create regional manufacturing hubs. These joint ventures must be supported financially by global North countries, international organisations, and host-country governments. This approach will incentivize pharmaceutical companies to share not only their patents but also tacit production knowledge because the risk and cost of setting up new facilities will be shared. In this paper, we show how the joint venture approach will have benefits for all the actors involve and generate positive impact on Sub-Saharan Africa and other regions over the long run. Following these policy proposals will not only help protect the global community from COVID-19 but will also present a rare window of opportunity to stimulate the life science industry in the global South, supporting sustainable economic and technological development.
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spelling pubmed-85791772021-11-10 The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships Fu, Xiaolan Buckley, Peter J. Sanchez-Ancochea, Diego Hassan, Ines J Int Bus Policy Commentary The global roll-out of vaccines is crucial to defeating the pandemic, but the lack of technical know-how and manufacturing infrastructure for production are constraining the speedy provision of vaccines globally. This will remain true even if the intellectual property rights of COVID-19 vaccines are waived temporarily. To accelerate technology transfer and global vaccine production, this article calls for the promotion of joint ventures between global COVID-19 vaccine manufacturers and local pharmaceutical companies so as to create regional manufacturing hubs. These joint ventures must be supported financially by global North countries, international organisations, and host-country governments. This approach will incentivize pharmaceutical companies to share not only their patents but also tacit production knowledge because the risk and cost of setting up new facilities will be shared. In this paper, we show how the joint venture approach will have benefits for all the actors involve and generate positive impact on Sub-Saharan Africa and other regions over the long run. Following these policy proposals will not only help protect the global community from COVID-19 but will also present a rare window of opportunity to stimulate the life science industry in the global South, supporting sustainable economic and technological development. Palgrave Macmillan UK 2021-11-10 2022 /pmc/articles/PMC8579177/ http://dx.doi.org/10.1057/s42214-021-00124-7 Text en © Academy of International Business 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Commentary
Fu, Xiaolan
Buckley, Peter J.
Sanchez-Ancochea, Diego
Hassan, Ines
The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships
title The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships
title_full The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships
title_fullStr The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships
title_full_unstemmed The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships
title_short The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships
title_sort world has a unique opportunity: accelerating technology transfer and vaccine production through partnerships
topic Commentary
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8579177/
http://dx.doi.org/10.1057/s42214-021-00124-7
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