Saturday, January 24, 2009

Intellectual Property Rights - Legal Stays Busy

Since I work in the medical discovery world I like to keep up with the business side of innovation, and this one hits home on a big issue of intellectual property rights for the new century.

Newsweek's Michael Heller covers the troubles in "Innovation Gridlock- Today's inventors need to put together many bits of intellectual property. Too bad they are all patented."

[Image from Vaugn Merlyn]

Newsweek writes, the first decade of the 21st Century has seen startling advances in biology. Scientists have cracked the genomes of humans and many plants, animals and microbes. They've uncovered new cellular processes affecting inheritance of diseases. Likewise, investment in biotech research and development has been steadily increasing. So what happened to all the lifesaving cures that were supposed to come our way as a result?