4 ms·
Is there any recourse? Like can the research group claw back the IP and give it to another company?
by noobermin 3y ago
Is there any recourse? Like can the research group claw back the IP and give it to another company?
- ForkMeOnTinder 3y agoIt would be a shame if the formula were to "leak" accidentally, resulting in commercialization taking place in another country with looser IP laws, and saving thousands of people's lives in the process.
- water-data-dude 3y agoI think that what they’re saying is that no one would pay for the expensive trials and approval process, since they wouldn’t have enough time to make their money back from it. So even if it were leaked, it still wouldn’t get produced.
- wolf550e 3y agoThere is a patent, the formula is not secret. Someone needs to pay for the work to get it approved by the FDA.
- tverbeure 3y agoI thought that the formula was not secret, but that's actually not the case: apparently, patents like this are written so that they cover a whole class of molecules without specifying exactly which one, or something of that sort. (I forgot the details.)
- josephcsible 3y agoWhy is it legal for patents to be like that? Wasn't the premise of them supposed to be "we'll fully disclose the details of this thing in exchange for a temporary monopoly on making it"?
- tverbeure 3y agoIt was given back to the original developer. But nobody is willing to invest in getting it to market. This is a case where a non-profit would be useful.
- Fomite 3y agoThis is often a clause in our commercialization agreements - that if a company sits on it, the license reverts back to us.