Abstract
The pharmaceutical and biotechnology industries can celebrate a measure of success in their work to ensure that their intellectual property rights are not undermined in the quest for patent reform in the U.S. The Senate Judiciary Committee voted 16-4 on June 4 to approve S. 1137, a bill primarily designed to curb the number of court cases filed by so-called patent trolls. These are firms that buy out old patents with ambiguous claims and sue other businesses for alleged infringement in the hope of extracting a financial settlement. Technology companies and retailers—often the targets of patent trolls—have pushed hard in recent years for legislation that would discourage such practices. But to win the support of pharma and bio industries, Sens. Charles Grassley (R-Iowa), chairman of the committee and the bill’s chief sponsor, and Patrick Leahy (D-Vt.), the ranking minority member, have also agreed to expand the scope of the patent ...
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