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Patents and Medical Biotechnology: An Empirical Analysis of Issues Facing the Australian Industry

Citation

Nicol, D and Nielsen, J, Patents and Medical Biotechnology: An Empirical Analysis of Issues Facing the Australian Industry, Occasional paper 6, Centre for Law and Genetics, Hobart, Tasmania (2003) [Government or Industry Research]


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Copyright Statement

Copyright 2003 University of Tasmania, Dianne Nicol and Jane Nielsen

Official URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_i...

Abstract

This occasional paper (Centre for Law and Genetics Occasional Paper Series, No 6) addresses the ongoing debate both within Australia and internationally about the ways in which patents impact on the medical biotechnology industry. The underlying purpose of the patent system is to encourage innovation by granting the patent holder a temporary monopoly over the patented invention. However, patents can also have a detrimental effect on innovation, for example, by stifling the free flow of information or increasing transaction costs. Gene patents and broadly applicable research tool patents are of particular concern for two main reasons. First, if individual patents are licensed on a restrictive basis, access to broadly applicable foundational technology could be blocked, impeding downstream research and development. Secondly, if it is necessary to enter into licence negotiations over multiple patents, the pace of innovation could be delayed, creating what has become known as an anticommons. This study uses empirical survey evidence from the Australian medical biotechnology industry to assess these concerns in Australia.

Item Details

Item Type:Government or Industry Research
Research Division:Law and Legal Studies
Research Group:Law
Research Field:Law not elsewhere classified
Objective Division:Law, Politics and Community Services
Objective Group:Justice and the Law
Objective Field:Justice and the Law not elsewhere classified
UTAS Author:Nicol, D (Professor Dianne Nicol)
UTAS Author:Nielsen, J (Associate Professor Jane Nielsen)
ID Code:131148
Year Published:2003
Deposited By:Law
Deposited On:2019-03-05
Last Modified:2019-03-08
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