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