Word: patent
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Toronto business partners Ian McDonald and Kerry Knoll and a lawyer friend, John Cocomile, had a novel idea. Patent suits are so expensive to litigate that if investors put up money to help independent inventors defend their rights, the inventors would probably be willing to share any award. The three were right on the money. The shareholders in their company, Patent Enforcement & Royalties, which trades on the Canadian Venture Exchange, are entitled to 50% of a $3 million January verdict against Land O'Lakes for infringing a New Yorker's patent of a low-fat coffee creamer. Three weeks...
...clearly had epidemic potential, as cases mounted without anyone understanding how AIDS spread. Whoever could figure out what caused the disease and how it was transmitted would gain prime-time media coverage. Whoever could figure out a way to test for the disease stood to make millions on a patent. The grand prize, which hindsight proves was an optimistic goal, would surely go to the scientist responsible for a cure or vaccine...
Seeking the patent for the test and the profit and honor they deserved, the scientists of the Pasteur Institute sued the United States. The French claimed Gallo had stolen their virus to mass produce the antibody test. But the American antibody test, which used Gallo’s genetic sequence, produced false negatives at an alarming rate. Not only was Gallo wrong, but he refused to admit that he had made a mistake. As a result, Crewdson suggests that Gallo is single-handedly responsible for delaying the development of an accurate HIV test...
Instead of investing in almost anything with "genome" in its name, as VCs seemed to do last year, they are focusing more on established firms. While new technologies and strong patent portfolios are attractive, it's more important for start-ups to show that they can quickly sell a drug or other product--say, a genetically engineered plant...
...most neurotic proofer around, Steve will go to all ends of the earth to make sure FM’s proofs are perfect. And we sure appreciate it. One night, Steve literally looked up the international patent rules that covered a tiny graphic that he was unsure of. Luckily, we were legal. Steve, a PBK and a medieval history jock, will somehow get a free ride at either Oxford or Cambridge. Just because he’s that smart...