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Patent Reform Bill Approved by House Committee: "Alex Forster pointed us to this PC World story that opens, 'The House Committee on the Judiciary approved far-reaching legislation to reform the nation's patent system Wednesday. The Patent Reform Act of 2007 largely reflects the IT sector's lobbying effort to curtail lengthy, expensive patent infringement lawsuits, but Wednesday's committee deliberations centered on finding compromises acceptable to opponents — namely the pharmaceutical and biotechnology industries, manufacturers, and large research universities — so that the bill could win approval. Committee Chairman John Conyers, D-Mich., described the current patent system as inefficient, bogged down by inappropriate litigation rules, unreliably funded, and resulting in patents of 'questionable quality.' The bill would make it harder to secure a patent and easier for rivals to challenge one, and it would change how courts determine an infringed patent's value.'
(Read Original Article - Via Slashdot: Your Rights Online.)
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Commentary on patent reform bill
I have written about - including in the Wall Street Journal (see: http://blog.aesisgroup.com/2006/04/17/innovators-have-rights-too.aspx) - the implications of patent reform for medical technology focusing in particular, on the growing area of convergent medical technologies. Basically, this new patent reform bill will be more in favor of such combinatorial innovation. For a more detailed review of this, please see the article:
"Patent Reform Act of 2007: Innovation, Implications and the American Inventor" which you can find at:
http://blog.aesisgroup.com/2007/07/19/patent-reform-act-of-2007-innovati...
Ogan Gurel, MD
gurel@aesisgroup.com
http://blog.aesisgroup.com/