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Published on: March 1, 2019
[Patent Dimensions in the Development and Production of COVID-19 Vaccines]
Tobias Volpert1, Marcel Riepe1
1VWL, Hochschule Hamm-Lippstadt, Marker Allee 76-78, 59063 Hamm, Deutschland.
Abstract:
The process in which COVID-19 vaccines are developed is sequential and continuously accumulating. On the one hand, comprehensive patent protection is a necessary means to promote research and development. It yields additional returns that pay for the occasionally substantial amounts in R&D expenses. On the other hand, patents can be harmful in a sequential development process as they monopolise knowledge that might become a basis for further research. Economic policy cannot resolve this dilemma, but the various dimensions of a patent system can provide a starting point in mitigating a trade-off.
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