COVID-19 Pandemic and medicine monopolies
COVID pandemic exposed how medicine monopolies delayed access to vaccines and treatments
During the COVID pandemic 2020-22, AFTINET campaigned on the issue of access to pandemic-related medicines. COVID has demonstrated the limitations of the global health system and the WTO Intellectual Property (IP) regime that shaped the global response to the pandemic. IP rules gave a few pharmaceutical companies twenty-year patents on new COVID vaccines, which meant they controlled both the quantity and prices. Most vaccines were sold to high-income countries at high prices. This resulted in long delays in access to vaccines for low and low-middle income countries, leading to lower vaccination rates. There was even less access to treatments when they became available.