Biotechnology News

March 23, 2012 at 11:13 am Leave a comment

America’s Supreme Court wallops the biotech industry
Mar 24th 2012 | NEW YORK | from the print edition

Important news for our sector out of the US.

..PATENTS are supposed to encourage innovation, not stifle it. On March 20th America’s Supreme Court threw out two medical patents for doing the latter. The ruling in Mayo v Prometheus was unequivocal. So was the horrified reaction from the biotechnology industry.

Prometheus is the most important case to date for biotech’s most important new effort. “Personalised medicine” promises new treatments and much-needed new revenue. Different patients are predisposed to certain diseases and certain remedies. If firms understand these predispositions, they can offer diagnostic tests and targeted treatments. Not surprisingly, companies have sought patents for many tests. The Supreme Court may have made some of these patents worthless.

For More CLINK: http://www.economist.com/node/21551087

What impact will this decision have on the Canadian Biotechnology sector?

Entry filed under: Biotechnology News. Tags: , , , , , .

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