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Federal Court
Biocolumn
(4 Pages)
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Judgment
Upheld, Treble Damages Awarded for Willful Infringement
Steven
P. OConnor
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Abstract:
In an infringement challenge of two patents involving biotechnology
inventions used in cancer treatments, the author provides a vivid
description of the patents at issue and a narrative of the events
leading up to the district court trial. The rulings in the jury
trial, with its surprisingly punitive outcome, and a point-by-point
report on the appellate court decision are then provided.
©1999 by The
Journal of BioLaw & Business. All Rights Reserved.
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Health Economics
Biocolumn
(8 Pages)
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Health
Care Decision-Making Health Economics Research and the
Pharmaceutical/Biotechnology Industry
R.
Thwaites and P. M. Anderson
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Abstract:
The primary purpose of health economics is to assist in health care
decision-making. Health economics research contributes by identifying
and evaluating the likely costs and benefits associated with the
choices available and can be useful to health care -ers at all
levels. Data supplied by the pharmaceutical and biotechnology
industry, provided they are perceived as relevant and reliable and
are communicated to the appropriate-ers, can aid resource allocation
in health care. In practice, however, evidence suggests that the
influence of health economics research on decision-making is limited
and that decision-makers appear unwilling or unable to respond to
health economic arguments. If evidence of the value of health
economics in health care decision-making continues to be limited,
pharmaceutical and biotech companies with resources currently devoted
to such activities may invest those resources elsewhere. Conversely,
if the influence of health economics can be demonstrated and
expanded, companies will not only invest in their health economics
expertise, but will also make efforts to increase the influence by
becoming further involved in study collaboration and project
risk-sharing with their customers.
©1999 by The
Journal of BioLaw & Business. All Rights Reserved.
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Policy
Biocolumn
(7 Pages)
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Accelerating
Access to Cancer Drugs
Sheila
R. Shulman and Maria J. Wood-Armany
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Abstract:
After a decade in which the emphasis in drug development appeared to
shift away from cancer therapies, the FDA in 1996 announced an
initiative specifically directed toward early access and accelerated
approvals for investigational new anticancer drugs. This commentary
highlights the trends in FDA procedures and discusses the FDA policy
goals implemented by the initiative. The commentary reviews the
provisions of the initiative and provides an historical,
development-time profile for antineoplastic therapies against which
to gauge the impact of the initiative in future years.
©1999 by The
Journal of BioLaw & Business. All Rights Reserved.
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Regulatory
Biocolumn
(6 Pages)
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Regulating
Xenotransplantation Research Developments in Federal Policy
Ralph
B. Dell
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Abstract:
The success rate for human-to-human organ transplants (allografts)
has made transplantation an accepted therapy for end organ failure.
In addition to achieving survival, most patients are now able to lead
nearly normal lives, raising families and working full time. Broader
application of this successful therapy has been hindered, however, by
the limited availability of donor organs. Because of this organ
shortage, surgeons have turned to considering the transplantation of
animal organs into humans (xenotransplantation). This article
summarizes the scientific and public policy issues raised by the
prospect of widespread xenotransplantation. Portions of this article
have been drawn from an Institute of Medicine report titled
"Xenotransplantation: Science, Ethics, and Public Policy."
©1999
by The Journal of BioLaw & Business. All Rights Reserved.
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MBC Roundtable
Biocolumn
(4 Pages)
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Later-Stage
Issues: Managing Liabilities in the Market Place
Craig
Stewart and Joseph Blute
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Abstract:
As the complexity of biotechnology increases, so does its
relationship with society at large. In this environment, both biotech
products and the people who direct their development are becoming
more and more exposed to forms of legal liability that affect
companies, patients regulatory agencies, and payers, just as with
other, more mature industries. In this column, Craig Stewart and
Joseph Blute examine the implications in the U.S. and abroad of
director and officer liability and of products liability,
respectively. The following remarks are based on presentations made
at the 1998 Massachusetts Biotechnology Councils Annual Meeting.
©1999 by The
Journal of BioLaw & Business. All Rights Reserved.
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Civil Justice
Biocolumn
(8 Pages)
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Biotechnologys
Next Priority Civil Justice Reform
David
Wescott
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Abstract:
Biotechnology and high technology companies have recently mounted
efforts to address frivolous shareholder suits, but results have been
mixed. The future for civil justice reform for the biotechnology
industry lies primarily on two frontsin the states, where the
new breed of shareholder and product liability suits are being
introduced, and on the broader provisions of tort law that affect all
industriesnamely, joint and several liability. This column
discusses the effects that various systems of liability have on the
biotechnology industry and examines the arguments presented by trial
lawyers and industry members in the debate surrounding civil justice
reform. The author concludes by proposing a plan of action for the
biotechnology industry.
©1999 by The
Journal of BioLaw & Business. All Rights Reserved.
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Financing
Biocolumn
(2 Pages)
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Biotech
Industry Experiences Good Third Quarter for FDA Approvals, Tough
Quarter in Capital Markets
G.
Steven Burrill
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Abstract:
The biotechnology sector experienced a very favorable quarter at the
Food and Drug Administration (FDA), yet had a very tough quarter in
the current capital market environment. During the third quarter of
1998, the FDA approved or recommended for approval ten new products
developed by the biotechnology industry, some of which are the first
of their kind. Notwithstanding the industrys regulatory
success, this quarters stock market "correction" had
a dramatic impact on the biotechnology industry. The industry lost 25
percent of its market capitalization during July and August but
recovered half of that during September. However, even with the
overall capital markets drying up, the U.S. biotechnology industry
still managed to raise $134 million in public offerings during the
third quarter, compared to $293 million for the second quarter of
1998. With product approvals in place, long-term investors may
finally be rewarded for their patience.
©1999 by The
Journal of BioLaw & Business. All Rights Reserved.
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