Explanation:

Both statements are correct.
Intellectual Property Rights

• Intellectual property describes creations, such as inventions, which are protected by patents, copyrights and trademarks. 
• These prevent copying and allow the originator to be financially rewarded.
• Patents give innovating firms a short-term monopoly on production to cover the costs of development and encourage investment.

Covid-19 vaccines

• Many developing countries have argued that rules requiring countries to protect patents and other forms of intellectual property are an obstacle to increasing the production of vaccines and other products needed to tackle the pandemic.
• Proposal: The idea was originally proposed by India and South Africa, who have been leading a group of about 60 countries at the World Trade Organization (WTO).
• The group is pushing for the temporary removal of intellectual property protections on vaccines.
• Benefits: Supporters of the plan say it will allow more manufacturers to produce life-saving vaccines.

Hence option 3rd is correct.