WASHINGTON--(BUSINESS WIRE)--

The Biotechnology Industry Organization (BIO) unveiled a report on the role of intellectual property rights in encouraging upstream research and development as well as downstream commercialization of biotechnology at the 2012 BIO International Convention.

This report is further proof of the positive impact of intellectual property rights in both established and emerging economies, and will be a useful tool as we work with the many countries seeking to grow the biotechnology industry, stated Joseph Damond, BIO Senior Vice President of International Affairs. We felt it was important to provide empirical evidence and case studies for a more informed discussion on the role of intellectual property in global economic development and in commercializing innovative products for patients and other consumers.

The report outlines how intellectual property rights and technology transfer mechanisms encourage collaboration and lead to the research and development of new biotechnologies, particularly in emerging and developing economies.

The report, titled Taking Stock: How Global Biotechnology Benefits from Intellectual Property Rights, found that:

There is a growing body of evidence suggesting a positive link between economic development and growth, technology transfer, increased rates of innovation and the strengthening of intellectual property rights. This is particularly promising in certain knowledge-intensive sectors, such as biopharmaceuticals, said Meir Pugatch, Managing Director and Founder of the Pugatch Consilium.

The report was authored by Meir Perez Pugatch, David Torstensson and Rachel Chu of the Pugatch Consilium and is available at http://www.bio.org/sites/default/files/Pugatch%20Consilium%20-%20Taking%20Stock%20Final%20Report%20%282%29.pdf.

About BIO

BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the worlds largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIO produces BIOtechNOW, an online portal and monthly newsletter chronicling innovations transforming our world. Subscribe to BIOtechNOW.

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Original post:
Intellectual Property Encourages Collaboration, R&D in Developing Economies