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On the Challenges Facing Patent Pooling in Biotechnology

14 Pages Posted: 18 Aug 2013 Last revised: 22 Feb 2014

Thomas D. Jeitschko

Michigan State University - Department of Economics

Nanyun Zhang

Independent Project Analysis, Inc

Date Written: June 10, 2013

Abstract

The role of patent law and patent practice especially in biotech has gained considerable attention of late as there are concerns that innovative efforts are stifled rather than fostered by intellectual property in the area. In this essay we survey some of the difficulties encountered in biotech when it comes to innovation and we discuss aspects that touch on the efficacy of patent pooling to overcome innovation barriers. In light of a review of the related research literature addressing the area, we find that analogies to other industries and areas of R&D are not insightful. As a result, we conclude that further empirical research and theoretical modeling of patent pooling in biotechnology are needed in order to establish sound policy recommendations.

Keywords: Patent Pools, Research and Development, Innovation, Tacit Knowledge, BioTechnology, Pharamceuticals

JEL Classification: O3, D2

Suggested Citation

Jeitschko, Thomas D. and Zhang, Nanyun, On the Challenges Facing Patent Pooling in Biotechnology (June 10, 2013). Available at SSRN: https://ssrn.com/abstract=2311699 or http://dx.doi.org/10.2139/ssrn.2311699

Thomas D. Jeitschko

Michigan State University - Department of Economics ( email )

110 Marshall-Adams Hall
East Lansing, MI 48824
United States
517-355-8302 (Phone)
517-432-1068 (Fax)

HOME PAGE: http://www.msu.edu/~jeitschk/

Nanyun Zhang (Contact Author)

Independent Project Analysis, Inc ( email )

44426 Atwater Drive
Suite 100
Ashburn, VA 20147
United States

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