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« Emerging Tech LIVE! (2) | Main | Emerging Tech LIVE! (4) »

September 27, 2006

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Nato Welch

"Sharp says that without IP protection, the pharmaceutical industry as we know it today could not exist."

Agreed. Patent policy tends to breed patent-focused business. No news here. However, we should not confuse the industry for the innovation.

How much of the costs of pharmaceutical R&D consists of patent license fees for other drugs?

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