Dr. Matilde "Mattie" Castiel receives an injection from RN Bethany Trainor at the University of Massachusetts Medical School in Worcester, MA on September 04, 2020.
Speaking at a CNBC-moderated panel at the Singapore Summit on Monday, Kiran Mazumdar-Shaw, executive chairman of Indian biopharmaceutical firm Biocon, said that "vaccine nationalism is creeping into the world," with some countries eager to snap up the first stock of any approved vaccines.
It's "very sad" when countries don't realize this is a pandemic that has affected the entire world, she said, adding that sending vaccines to where they're needed should be a global effort.
"People have to be less worried about the kind of trade wars they're fighting right now, and realize there is something in it for everyone," Mazumdar-Shaw said, referring to a global vaccination effort.
"This physical distancing that we've been forced to go through for the sake of containing the virus, I think it's actually put an accelerator on the nationalist tendencies at the expense of efficiencies and resiliencies that come with partnerships and trade relationships," he said at the Singapore Summit, which is being held online this year.
Banga warned localization tendencies may prevent the transfer of data, impose technical standards that preclude competition, or create local monopolies.
0
Dr. Matilde "Mattie" Castiel receives an injection from RN Bethany Trainor at the University of Massachusetts Medical School in Worcester, MA on September 04, 2020.
Speaking at a CNBC-moderated panel at the Singapore Summit on Monday, Kiran Mazumdar-Shaw, executive chairman of Indian biopharmaceutical firm Biocon, said that "vaccine nationalism is creeping into the world," with some countries eager to snap up the first stock of any approved vaccines.
It's "very sad" when countries don't realize this is a pandemic that has affected the entire world, she said, adding that sending vaccines to where they're needed should be a global effort.
"People have to be less worried about the kind of trade wars they're fighting right now, and realize there is something in it for everyone," Mazumdar-Shaw said, referring to a global vaccination effort.
"This physical distancing that we've been forced to go through for the sake of containing the virus, I think it's actually put an accelerator on the nationalist tendencies at the expense of efficiencies and resiliencies that come with partnerships and trade relationships," he said at the Singapore Summit, which is being held online this year.
Banga warned localization tendencies may prevent the transfer of data, impose technical standards that preclude competition, or create local monopolies.