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...stock promptly lost $28 billion of its market value, temporarily dragging the Dow Jones industrial average down with it. The timing could not have been worse for Merck, whose sales last year grew a paltry 5%, compared with 23% in 2000, and whose big anticholesterol drug Zocor will lose patent protection in 2006, with nothing to replace it. Some analysts wondered whether the company was ripe for a merger--an idea Merck executives have steadfastly rejected. "Without a deal, Merck cannot grow," says Richard Evans, a senior analyst with Sanford C. Bernstein & Co. "In fact it may get smaller...

Author: /time Magazine | Title: A Painful Mistake | 10/11/2004 | See Source »

...European Patent Office (EPO) upheld an amended form of a Harvard University patent on a mouse genetically modified to develop cancer earlier this week. The decision, which limits the patent to mice only, ends a legal battle with environmental groups who had expressed concerns about animal cruelty...

Author: By Margaret W. Ho, CRIMSON STAFF WRITER | Title: Harvard Mouse Patent Upheld by Office | 7/16/2004 | See Source »

While the 1992 European patent had fully protected the method of genetic manipulation used by John Emory Andrus Professor of Genetics Philip Leder ’56, then-Harvard researcher Timothy Stewart and DuPont, the ruling marks an additional step back from a 2001 decision that restricted it to rodents...

Author: By Margaret W. Ho, CRIMSON STAFF WRITER | Title: Harvard Mouse Patent Upheld by Office | 7/16/2004 | See Source »

Though the patent office recognized the ethical and animal cruelty concerns surrounding its decision, the EPO also pointed to the potential medical uses of the patent as a factor in its ruling...

Author: By Margaret W. Ho, CRIMSON STAFF WRITER | Title: Harvard Mouse Patent Upheld by Office | 7/16/2004 | See Source »

...United States Patent and Trademark Office granted a patent to Leder and Stewart, making “OncoMouse” the first “transgenic non-human mammal” to be patented...

Author: By Margaret W. Ho, CRIMSON STAFF WRITER | Title: Harvard Mouse Patent Upheld by Office | 7/16/2004 | See Source »

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