How Patents Harm Biotech Innovation

from the scaring-people-off dept

Patent defenders often claim that patents are necessary because top venture capitalists would never invest without patents. And yet, we keep pointing to examples of some of the best venture capitalists in the business who are quite skeptical of patents. For the most part, those have been limited to software patents, but Brad Feld seems to have jumped the hurdle to recognizing it's not just software patents that are the problem, and is digging into the research on how much patents have held back innovation in lots of other fields as well (Brad: if you want a list of more such research, let us know...). He's written up a post about some upcoming research concerning patents in the biotech field, where he explains how patents are hindering innovation in that field as well by scaring off research into certain areas:
Regularly, patent advocates tell me how important patents are for the biotech and life science industries. However, there apparently is academic research in the works that shows that patents actually slow down innovation in biotech. The specific example we discussed was that there is increasing evidence that when a professor or company gets a patent in the field of genetics research, other researchers simply stop doing work in that specific area. As a result, the number of researchers on a particular topic decreases, especially if the patent is broad. It's not hard to theorize that this results in less innovation around this area over time.
I can't wait to see the final results of that study, as it would fit in well with a few other studies that have found similar results.

Filed Under: biotech, brad feld, innovation, patents, vcs


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  1. icon
    Ronald J Riley (profile), 9 Feb 2010 @ 6:34pm

    Re: Re: Re: Re: Re: ALSO

    Mike,

    We all expected that the USPTO would carry RIM water. There is quite a story behind that.

    We are hopeful that the court will slap RIM's and the USPTO's paddies. While RIM seems to be unable to produce the more important inventions they need for their market we all know that they are very effective at lobbying our government and institutions.

    So like I said before, those patents stand until the last appeal and if even one claim stood RIM would have been in very deep do-do. That is why they paid up and then spent a great deal of money trying to convince everyone that they were the victim.

    The real victim was Thomas Campana Jr. who was a classic serial American inventor. Other American inventors have also been victims of RIM. Eventually they will get real justice.

    Ronald J. Riley,


    I am speaking only on my own behalf.
    Affiliations:
    President - www.PIAUSA.org - RJR at PIAUSA.org
    Executive Director - www.InventorEd.org - RJR at InvEd.org
    Senior Fellow - www.PatentPolicy.org
    President - Alliance for American Innovation
    Caretaker of Intellectual Property Creators on behalf of deceased founder Paul Heckel
    Washington, DC
    Direct (810) 597-0194 / (202) 318-1595 - 9 am to 8 pm EST.

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