But President Joe Biden's decision to support waiving intellectual property rights for coronavirus shots had a broader purpose: to broadcast his administration's commitment to global leadership. More than a month of internal debate led up to Biden's decision this week to endorse international calls to strip patent protections for vaccines. Biden endorsed it during his campaign for the White House. Other White House officials highlighted the practical limitations of Biden's decision, but the symbolism won the day. “President Biden can lower drug prices by producing drugs like insulin, naloxone, and EpiPens at low costs," she said.

Source: Mint May 08, 2021 00:31 UTC