News

Industry welcomes Myriad verdict
Enlarge image

RegulatoryGermanySwitzerland

Industry welcomes Myriad verdict

17.06.2013 - Industry organisations and biotech experts have welcomed the vote of the US Supreme Court to allow cDNA to be patented.

In a groundbreaking verdict, the nine judges of the highest Court of the United States said that DNA generally cannot be patented because it occurs in nature. However judge Clarence Thomas added that cDNA is made by man and thus can be patented by biotech firms. 

The vote in the case Myriad Genetics vs the American Society for Pathology is a well-balanced compromise.  Researchers had argued that Myriad Genetics’ current practice to prohibit any isolation of BRCA1 and BRAC2 gene sequences predictive for breast or ovarian cancer hampered research and innovation. Companies and pharma organisations told European Biotechnology News, the verdict was good news for the industry as most biotech patents include claims on modified DNA sequences not occurring in nature. 

„Roche welcomes that the US Supreme Court confirmed that cDNA is patent-eligible“, a spokesman told EuroBiotechNews.„IP on our medicaments and diagnostics mostly is not based on naturally occurring DNA.“ Sigfried Throm from the German pharma association vfa confirmed: „The verdict does not affect drugs made by genetically engineering as they are systematically modified compared to their natural counterpart." Diagnostics expert Joerg Hollidt, CEO of IVD firms in.vent Diagnostica and DRDx said that the decision will foster patenting of cDNA and technology claims. "The decision cannot and will not stop the development of personalised medicine or personalised diagnostics“, stressed Hollidt. 

© eurobiotechnews.eu/tg

http://www.european-biotechnology-news.com/news/news/2013-02/industry-welcomes-myriad-verdict.html

ResearchUK

30.01.2015 AstraZeneca has joined forces with four research collaborations to use breakthrough CRISPR gene editing technology across its drug discovery platform.

Stock marketsEU

29.01.2015 Denmark's Ascendis Pharma has successfully raised US$108m with its upsized NASDAQ IPO, while Irish animal health specialist Nexvet is waiting in the wings.

Contract ResearchEU

28.01.2015 EMA recommends suspending around 750 generic medicines marketed throughout the world after India’s GVK Biosciences is accused of faking bioequivalence studies. Meds considered critically important for patients will remain available.

RegulationEU

21.01.2015 The EMA is asking for comments on how to implement the transparency rules of EU Clinical Trial Regulation, pointing to the new clinical trial portal and database as the main instrument.

Stock marketsEUGermany

21.01.2015 2014 was a record year for biotech companies on the European stock market, with a total of €2.4bn raised in the year - 25% more than in the year before.

ResearchEUUK

20.01.2015 Ebola research projects are set to receive €215m in funding from the European Commission’s IMI2 Ebola+ programme. Among the project partners are vaccine developers Glaxosmithkline, Johnson&Johnson and Merck. 

Stock ExchangeUKDenmarkFrance

16.01.2015 It's time to get used to weekly IPO plans by European biotechs. UK's drug discovery firm Redx Pharma Ltd, established just five years ago, has come of age with their £80m (€105m) IPO plans.

M&ASwitzerland

14.01.2015 Pharma kingpin Roche has launched a billion-dollar transaction for a total of US$1.2bn (€1bn), taking over the majority of US cancer specialist Foundation Medicine.

PoliticsEU

14.01.2015 The European Parliament has backed the legislation allowing individual countries to restrict or prohibit the cultivation of genetically modified crops that have been authorised at EU level.

M&AIrelandUK

13.01.2015 Shire beefs up its rare disease portfolio after acquiring NPS Pharma with the aim of becoming a leading biotech in a US$5.2bn deal. Part of the deal is the US biotech's lead portfolio of gastrointestinal and hormone replacement therapies.

Events

All Events

Current issue

All issues

Product of the week

Products

Stock list

All quotes

TOP

  • 4SC0.84 EUR0.00%
  • ACTELION100.80 CHF0.00%
  • ADDEX3.28 CHF0.00%

FLOP

  • CYTOTOOLS31.45 EUR-0.47%
  • 4SC0.84 EUR0.00%
  • ACTELION100.80 CHF0.00%

TOP

  • CYTOS0.36 CHF56.5%
  • FORMYCON15.48 EUR53.6%
  • ADDEX3.28 CHF41.4%

FLOP

  • BIOFRONTERA1.93 EUR-16.1%
  • ACTELION100.80 CHF-13.3%
  • MOLOGEN5.75 EUR-9.4%

TOP

  • SANTHERA105.00 CHF2544.8%
  • WILEX1.96 EUR168.5%
  • FORMYCON15.48 EUR103.7%

FLOP

  • CYTOS0.36 CHF-90.1%
  • 4SC0.84 EUR-49.7%
  • MOLOGEN5.75 EUR-49.7%

No liability assumed, Date: 31.01.2015