Category Finance

Compromise UN Protocol Treaty Against Biopiracy Adopted In Japan

With a standing ovation in the early hours of the morning of Saturday, in Nagoya, Japan, an international instrument aimed at preventing misappropriation of genetic resources was adopted by members of the United Nations Convention on Biological Diversity. The protocol is also intended to ensure that benefits accrued from the use of those genetic resources are shared equitably with the provider country.

Climate-Ready Crop Patents Present Danger For Biodiversity, Group Says

NAGOYA, JAPAN - A civil society group this week warned government officials gathered here against patents on “climate-ready” crops and what they characterised as an attempt to obtain an exclusive monopoly over plant gene sequences. The group asked states at the United Nations biodiversity conference to recognise that such patents are a threat to biodiversity and to the fair and equitable sharing of the benefits arising from the utilisation of genetic resources.

First Patent Holder Grants Licences To UNITAID

The United States National Institutes of Health has become the first patent holder to join the newly created Medicines Patent Pool, a project of drug purchasing mechanism UNITAID. Public health organisations hailed the move as key step in the right direction but said there is still much work to do.

Study Shows Climate Change Innovation Concentrated In Few Nations

The adoption of 1997 landmark environmental agreement the Kyoto Protocol caused a surge in environmental innovation, but the countries which are innovating and the licensees of this technology are limited, finds a newly released study making use of patent data to track where technological responses to climate change are coming from as well as the licensing practices of the technology owners.

Key Committee Debates Changes In WIPO Performance, Spending

The powerful World Intellectual Property Organization Program and Budget Committee is meeting this week for three days of discussions on a new strategic plan, the status of its audit function in the aftermath of past financial mismanagement, the financing of new projects related to the Development Agenda, and new policies on WIPO financial reserves, languages and investments.

US Jobs Bill Would Restrict Foreign Access To Patent Applications

As the jobless rate remain high and budgets tight, United States policymakers increasingly are looking for ways to boost domestic innovation in order to create new jobs and boost the economy. One such bill to be announced tomorrow, called the "Strategic Manufacturing & Job Repatriation Act" aims to develop a national manufacturing strategy to create American jobs, including by lowering access to early patent applications and prioritising university patents.