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February 11, 2014

Comments

"one of the few truths in Bessen and Meurer's Patent Failure: How Judges, Bureaucrats, and Lawyers Put Innovators at Risk is that most patents outside the biotech/pharma area are not 'blockbusters'"

Kevin,

In my opinion, there are very few, if any, "truths" in anything coming from Bessen in the patent arena. Others, especially Ron Katznelson have exposed the factually flawed work of Bessen. That others (including the folks in Congress) give Bessen's work any credibility in the patent arena is outrageous.

Get the FDA (and concomitant beuracracies worldwide) out of the efficacy buisness, and we'd have much more reasonable access to medicines worldwide due to much lower fixed costs of medicine. And we'd likely have more effective medicines due to greater options= more consumer surplus. More int'l (and nat'l) regulations= higher costs, less consumer surplus. My 5 cents

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