Court: Can human genes be patented?

See on Scoop.itAdvocacy Action & Issues in Cancer

“The nine justices’ decision will also have a profound effect on American business, with billions of dollars of investment and years of research on the line. The U.S. Patent and Trademark Office has been awarding patents on human genes for almost 30 years.

And Myriad Genetics alone has $500 million invested in the patents being argued over in this case. Without the ability to recoup that investment, breakthrough scientific discoveries needed to combat all kind of medical maladies wouldn’t happen, the company says.

“Countless companies and investors have risked billions of dollars to research and develop scientific advances under the promise of strong patent protection,” said Peter D. Meldrum, the president and CEO of Myriad Genetics, in a statement.”

See on bigstory.ap.org

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