High U.S. commerce negotiator discusses vaccine ramp-up with Novavax govt: USTR By Reuters

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© Reuters. FILE PHOTO: A Novavax emblem is mirrored in a drop on a syringe needle on this illustration

WASHINGTON (Reuters) – U.S. Commerce Consultant Katherine Tai mentioned rising COVID-19 vaccine manufacturing in a digital assembly on Tuesday with an govt with drugmaker Novavax (NASDAQ:), Tai’s workplace stated in an announcement.

Tai and Novavax Govt Vice President John Trizzino additionally mentioned a proposal earlier than the World Commerce Group to waive sure mental property rights in response to the coronavirus pandemic, the USTR assertion stated.

“Ambassador Tai sought Mr. Trizzino’s views on steps Novavax is taking to rapidly enhance equitable manufacturing and distribution of vaccines in america and all over the world,” the assertion stated.

Novavax’s COVID-19 vaccine just isn’t at present approved to be used in america.

WTO members are resulting from focus on a proposal by India and South Africa to waive sure provisions of the WTO’s Settlement on Commerce-Associated Elements of Mental Property Rights on April 30, however america and some different large international locations have blocked such a transfer.

Democratic lawmakers, civil society teams, and 60 former heads of state and 100 Nobel Prize winners have urged President Joe Biden to again the waiver.

Shares of Novavax surged 16% in prolonged buying and selling on Tuesday after Biden stated america was planning to share COVID-19 vaccines with international locations in want of help.

The corporate is anticipated to report information from its ongoing giant, late-stage examine in america and Mexico in the course of the second quarter of this 12 months.

Tai held digital conferences on Monday with vaccine makers Pfizer (NYSE:) and AstraZeneca (NASDAQ:).

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