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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
Copyright © 2009 Journal of High Technology Law and E. Richard Gold.
All Rights Reserved. ISSN 1536-7983.

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