PhRMA Statement on U.S. International Trade Commission Report on Expanding the TRIPS Waiver

WASHINGTON, D.C. (October 17, 2023) – Today, Pharmaceutical Research and Manufacturers of America (PhRMA) Deputy Vice President for Public Affairs Megan Van Etten issued the following statement in response to the U.S. International Trade Commission (USITC) report on “COVID-19 Diagnostics and Therapeutics: Supply, Demand, and TRIPS Agreement Flexibilities:”

“The COVID-19 public health emergency is over and across the world there is an abundance of affordable and often free treatments. TRIPS waiver expansion is unnecessary and would harm American workers, patients and innovation by handing over IP to foreign competitors. It’s past time for the Biden administration and other world leaders to move beyond this ideological debate and focus on real global health challenges.”

To read more about the harms of expanding the TRIPS waiver, please visit PhRMA.org/TRIPSwaiver. PhRMA’s full submission to the USITC can be found online here.

About PhRMA

The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country’s leading innovative biopharmaceutical research companies, which are laser focused on developing innovative medicines that transform lives and create a healthier world. Together, we are fighting for solutions to ensure patients can access and afford medicines that prevent, treat and cure disease. Over the last decade, PhRMA member companies have invested more than $800 billion in the search for new treatments and cures, and they support nearly five million jobs in the United States.

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