Oireachtas Joint and Select Committees
Wednesday, 11 May 2022
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
WTO Agreement on Trade-Related Aspects of Intellectual Property Rights and Covid-19 Vaccines: Discussion
Róisín Garvey (Green Party)
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I probably have to stop talking now, because my time is up. I understand that big pharma makes a lot of money on many things. Vaccines are not their big win. I do not know if it is fair to say that these will become generic products and the IP will be sorted out. We all know that big pharma makes money from many different drugs. It does not rely on vaccines to make profits. Am I correct that Mr. O'Connor said the rules changed since the issues with HIV and AIDS? Did we have to change the rules to address AIDS? I am not clear on that point. I do not buy into the fact that big pharma might not want to produce vaccines if it has to relinquish the IP.