Word: patents
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...struggle over patent extension is where Mylan has assumed the role of crusader for lower-cost drugs. Last year the company helped found a lobbying group called the Campaign for Fair Pharmaceutical Competition. The group is currently pushing to eliminate sections of the Waxman-Hatch Act, a landmark 1984 law designed to promote drug competition. One target: a provision that prevents the FDA from reviewing generic-drug applications for 30 months if the patent holder sues...
...year-old Northern Californian, is adamant that he's got a lot of years left, which is his justification for keeping the half of his net worth that's not invested in Texas and California real estate in the stock market. A former software executive who dabbles in patent law, he has watched his retirement stock portfolio grow by an average annual return of 20% over the past 10 years. "I'm pretty dedicated to the idea of trying to get a surplus on my money," says Cavanaugh. "If I had money I wanted to salt away, I might think...
From Monsanto's point of view, the set of new genes--which others have dubbed Terminator--is a perfectly legitimate way to protect their intellectual-property rights. Not everybody agrees. And in the 10 months since the patent for the seed-sterilizing technology was issued, Terminator has become the focus of a grass-roots protest that is spreading through the Internet like, well, wildfire...
...heat Monsanto is taking, the company did not create Terminator. The technology was developed by the USDA and a Mississippi seed company known as Delta and Pine Land, and the patent was awarded to both of them. Monsanto later made a $1 billion-plus offer to buy Delta--an offer that was quickly accepted...
...clever science isn't necessarily popular science, and Terminator has made a lot of enemies, particularly in the developing world. The USDA and Delta and Pine Land have filed Terminator patent applications in dozens of countries. In many of those countries farmers can't afford to buy top-of-the-line seeds every year and must rely on saving a portion of each crop in order to plant their fields the following year. Monsanto insists that weak patent protection in many of these countries makes a technology like Terminator especially important. But that argument carries little weight in parts...