It is a big deal, but in the way you think. If remdesivir turns out to actually be
effective, how many countries will say "**** the patent, the lives of our citizens
are more important"? This could be the beginning of the end for drug patents!
On this I'm going to have to disagree. It seems that under a Compulsory
License any company who manufactures the drug must pay a a fee set either
by agreement with the patent holder or through court of law arbitration.
Upshot, patent company gets money and doesn't have to do any extra work
such as manufacturing, testing, or distribution, and probably doesn't face any
legal liabilities either.