Testimony of the Biotechnology Industry Organization on Competition and Intellectual Property Law and Policy in the Knowledge-Based Economy

Book Id: WPLBN0000210146
Format Type: PDF eBook
File Size: 0.6 MB
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Title:	Testimony of the Biotechnology Industry Organization on Competition and Intellectual Property Law and Policy in the Knowledge-Based Economy
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Language:	English
Subject:	Trade, Import and export controls, Federal Trade Commission (U.S.)
Collections:	Economics Publications Collection, Federal Trade Commission
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Publisher:	Government Printing Office


Citation APA MLA Chicago Testimony of the Biotechnology Industry Organization on Competition and Intellectual Property Law and Policy in the Knowledge-Based Economy. (n.d.). Testimony of the Biotechnology Industry Organization on Competition and Intellectual Property Law and Policy in the Knowledge-Based Economy. Retrieved from http://gutenberg.cc/

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Government Reference Publication

Excerpt
SUMMARY: The biotechnology industry is the most research and development intensive and capital-focused industry in the world. As such, it is very dependent on a robust intellectual property system as well as a strong set of competition laws. 1/ Recent experience suggests that intellectual property law and administration in the United States offers both sufficient incentives to innovate and appropriate competitive safeguards, and that the current system is superior to alternative schemes in place in other nations or in the proposals of some commentators. 2/ The Federal Trade Commission and the Department of Justice are performing an important service by focusing attention on the emerging intellectual property and competition policy issues that affect American innovators. Scrutiny by these agencies can help further improve an already well-functioning legal regime.