July 16, 2008

News & Opinion: New Excerpt - The Gridlock Economy

By: 800-CEO-READ @ 5:45 PM – Filed under: Management & Workplace Culture

We've posted a new excerpt over on the blog that we post excerpts on--the excerpts blog. It is taken from Chapter 3 of The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Cost Lives by Michael A. Heller. In it, you'll read how current patent laws may actually be stifling innovation in drug development and holding up potentially life saving medicines. As Heller himself puts it:
This chapter brings you up to speed on drug patent gridlock. A decade ago Rebecca Eisenberg and I helped launch today's debate when we cautioned in Science that "privatization of biomedical research must be more carefully deployed to sustain both upstream research and downstream product development." Otherwise, we wrote, "more intellectual property rights may lead paradoxically to fewer lifesaving drugs."

Here is the direct link to the entire excerpt: