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notlob

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I see where you're coming from now. ABX (antibiotics) are a bit unique. New ABX are sparingly profitable because they are usually incremental developments instead of new classes of compounds. A new class would be lucrative. I see this as a reflection that ABX dev is a ridiculously hard problem with many failures. There are many working in this area, but not much to show yet.

Public funds are used up to proof of concept and sometimes early tox/CMC (often through a CRO), but the bulk of the funding for trials comes from industry.

UPenn and Novartis brought Kymriah to market and Kite brought Yescarta to market. Universities can be great for discovery and sponsored research, but they are not leading the work needed to get to market and they are certainly not funding it. Universities efforts are the visible tip of the iceberg, pharma efforts are the bulk under the surface.

Post-AIA, US utility patents (including APIs, biologics, methods of manufacture/use, etc.) are 20 years with possible adjustments to term length.

I’m not in IT tech, last job search a couple years ago took about a year and I’m starting another that’ll likely take as long. It’s just fantastic to me that multiple people could simultaneously find employment on short notice. It’s a world I haven’t experienced and am frankly envious of.

If they don't, you have a job you otherwise wouldn't have had.

No, you have a job for as long as you're able to keep your lie secret. Once the lie comes out, even if it's X years down the road, you're terminated for cause, and if a prospective new employer calls they will be told you are "ineligible to be rehired." There are possible legal consequences as well.

GP, do not lie. In the long run, the world works out to be pretty fair, and liars are revealed for what they are.

It also depends of your tolerance of rednecks, prudes, puritans, and ignorant people (which exist everywhere in the world, but have particularly large concentrations there).

FYI, using "redneck" as a pejorative, as in this context, can be interpreted as pretty offensive, and maybe this is unintentional. I for one consider it offensive.

I wasn’t intending to advance an argument, merely present that as a biotech entrepreneur in the process of forming a new company I for one like many of the changes in this proposal. I completely get why software people take umbrage with patents, but wanted to politely put forward that it isn’t a universal feeling.

One biotech person's perspective is that these are changes in the right direction. Things were certainly not perfect in the pre-AIA era, but post-AIA and recent court decisions have had many negative impacts on our industry, particularly diagnostics and particularly new ventures. The uncertainty associated with an “issued” patent has decimated their value, to the loss of innovation in our industry.

In risk management for the medical devices I’ve worked on, we account for users and patients not following instructions during the design process. “You’re holding it wrong” is literally something we account for. From my perspective Tesla has been baffling, especially so considering the highly involved CEO is aware that people use his company’s product contra to the instructions for use.

This is missing my pet step: doing the literature review.

One of the earliest, most important, and most useful lessons I learned from a senior grad student: "a day in the library can be worth a week at the bench."