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10 J. High Tech. L. 1 (2009-2010)

handle is hein.journals/jhtl10 and id is 1 raw text is: BIOTECHNOLOGICAL INNOVATION AND PARTNERSHIPS E. Richard Gold* Cite as 10 J. HIGH TECH. L. 1 (2009) I. Introduction The biopharmaceutical industries are undergoing a significant, perhaps radical, restructuring. Due to a variety of factors ranging from the current economic slowdown, to the increasing recognition that the biotech business model has failed, to pressures on the pharmaceutical industry to find new ways of identifying promising medicines, companies, universities and policy-makers are seeking new ways to carry out research and bring products to market. Pharmaceutical companies are dramatically cutting back staff, engaging in more collaborative efforts, and becoming more flexible in the way they sell their products on the market.' For its part, the biotechnology industry * Associate Professor, McGill University's Faculty of Law. This article was originally submitted as part of the Advanced Legal Studies symposium, The Impact of Patent Law on the Economy - Stimulus or Impediment? held at Suffolk University Law School on March 27, 2009. The symposium was sponsored with the Journal of High Technology Law and Suffolk University Law School's IP Law Concentration. 1 See, e.g., Billion Dollar Pills, THE ECONOMIST, Jan. 27, 2007, at 69-71 (discussing major changes among the largest pharmaceutical companies); Triple Therapy, THE ECONOMIST, Aug. 16, 2008, at 66 (describing the changing business model of pharmaceutical giant GSK); Buying Opportunity, THE ECONOMIST, Oct. 11, 2008, at 84-85 (describing the buying trend among pharmaceutical firms even amid the 2008 economic downtown); Winds of Change, THE ECONOMIST, Dec. 13, 2008, at 75-76 (discussing growing acceptance among pharmaceutical firms of price reductions and of health care reform). Copyright © 2009 Journal of High Technology Law and E. Richard Gold. All Rights Reserved. ISSN 1536-7983.

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