Word: patents
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...nanotechnology produces more products and processes, will the technology ever catch up with Eric Drexler's theories? Says Steve Bent, a Washington patent lawyer for nanotech firms: "That will be the research agenda for the rest of the century." --With reporting by Jennifer L. Schenker/Paris
...competes in five sports (ranking statewide in swimming), plays the piano and, in her free time, strings rosaries to give to the poor. "My life was totally set," she says. As a grownup, she planned on a two-pronged career: she would work for several decades as a patent attorney and then cash out at age 50 and teach in an inner-city elementary school. She would then move back into her childhood home because by that time, "my parents would be very old, and old people live in small houses without steps." They would have to buy the single...
DRUGS These stocks have traditionally commanded an above-market P/E because of their stable businesses and rich profit margins. People need medicine no matter how the economy performs. But lately there have been worries over patent expirations and a slim pipeline of new drugs. So the P/E for some has slipped below the market. "Pills are cheaper than hospitals," notes Bill Nygren, manager of the value-oriented Oakmark Fund. He expects the group to return to above-market growth. Among the cheapest are Merck and Bristol-Myers Squibb...
...Brazil, the government has sidestepped drug companies' patent claims by actively promoting generic drugs. Today, Brazilians comprise more than half the 230,000 citizens of poor countries currently taking retroviral drugs. Dr. Kennedy believes this trend will spill over into other countries, including China, creating a surging generic market. It's also quite possible, he adds, that scientists in those countries will simply use samples of the drugs to create their own, far less expensive versions...
...Almost a million prescriptions have been ordered and mailed to Roosevelts, Longfellows, and such in the States; to less well-known patrons in Siberia, Greenland, and even Tibet. Techniques of compounding potions have changed little since the customers wore string ties and bustles, but the products are somewhat different. Patent medicines are less in demand now, and if there are any home remedies in stock, they are dwarfed by a modern refrigerator that holds biological serums and penicillin. Business is strictly ethical, and though students may use the store telephone to schedule a rendez-vous, they know better than...