Tag: Innovation

Patent Trolls: Their Threat to U.S. Innovation—and the Solutions »

A menace is threatening technological innovation in America: the menace of patent trolls. Their modus operandi: Patent trolls make money—big money—through litigation, rather than by creating and selling products or services themselves. Typically, they acquire an overly broad patent and then lie in wait as the market for the patented product or service develops...
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Technology Can Make the Regulatory State Obsolete »

The late American inventor and futurist Buckminster Fuller said: “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” Ridesharing services are trying to do this, but governments stand in the way. In a two-minute Perspective aired today on National Public Radio station KQED...
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How to Pay for the Next Sovaldi? »

Imagine a pill that could cure cancer with one course of therapy or reverse an inherited, deadly disease. If it cost $1 million, could you access it? This was the question asked at a recent panel discussion held by the American Enterprise Institute. The panel discussed a couple of new proposals to finance new...
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“Prize-Grants” or Patents for Pharmaceutical Innovation? »

Over at the American Enterprise Institute’s online magazine, Arnold Kling has proposed “prize-grants” in favor of patents for pharmaceutical research. Kling dislikes patents: Patents have always been a problematic way to promote innovation. They raise prices of products far above marginal cost. They impose legal costs involved in obtaining, attacking, and defending patents. They...
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Tech Companies Work to Tame Patent Trolls without Government Help »

In the wake of Congress failing to pass patent litigation reform this year, the private sector has gotten into gear and has taken matters into its own hands. Tech companies have formed LOTNet. This article from Motherboard sums up this new idea: As they say, if you can’t go through, go around. Enter the License...
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Patent Troll Hit with Legal Fees »

The Electronic Frontier Foundation has a good post up on how the patent troll Lumen View just got hit with a fee award in federal court. This is in part because of recent Supreme Court decisions making it easier for defendants to collect attorney’s fees when they win patent suits. The troll’s patent was but a description...
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Virginia DMV and Taxi Unions versus Consumers »

“Competition always has been, and always will be, disagreeable to those who are affected by it. Thus we see that in all times and in all places men try to get rid of it.” —Frédéric Bastiat Last week, the Virginia Department of Motor Vehicles (DMV) sent cease-and-desist letters to app-based, ride-sharing services Uber and...
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Do Patients Have a “Right to Try” New Medicines Before the FDA Approves Them? »

Earlier this month, Colorado governor John Hickenlooper signed the nation’s first “right to try” law. The law allows a patient suffering from a disease, for which no medicine has been approved by the Food and Drug Administration (FDA), to try an experimental new medicine before the agency approves it. The law allows, but does...
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Using Marketable Vouchers to Speed Up Drug Approvals »

The Food and Drug Administration recently approved a new drug for leishmaniasis, an extremely rare disease which is spread by sand flies in poor countries. Why would a for-profit company invest in inventing a drug for which there is no way to make a profit? The FDA offers a prize to any firm that...
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Apple and Google Announce a Ceasefire in the Patent Wars »

Time has a good story on the decision of Apple and Google to dismiss all the current IP lawsuits between the two companies. They have also agreed to work together in some areas of patent reform. No doubt patent trolls were sorry to see the two giants redirect resources. The millions that went into...
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