Any further erosion of intellectual property rights will signal to the world that America...
Right now, behind closed doors, leaders from around the world are in discussions to further erode intellectual property, or IP, rights that are foundational to American ingenuity.
Unfortunately, the World Trade Organization, or WTO, has used this success to peel back layers of IP protection on which pharmaceutical manufacturers rely. Despite there being more than enough capacity to vaccinate the world, they have forced manufacturers to give away valuable IP that others can exploit.The development of pharmaceuticals is closely watched and heavily regulated. Those precautions are important and necessary for health and safety.
All U.S. industry enjoys protection for ideas and innovations generated here — it’s why so many people come to this country to launch and start businesses.
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