9.28.2004  Pharma Innovation  National Review Online has an interesting article on "The Transatlantic Innovation Gap," comparing America and Europe on pharmaceutical research. A key point: "More important than cultural disparities are the differences in regulatory regimes. In spite of recent legislative efforts, Europe still doesn't have a decent regime of intellectual property protection, which leaves companies uncertain about the profitability of any investments they are looking to make. America's fortunes turned when it got serious about promoting R&D through the 1980 Bayh-Dole act. Europe's fortunes deteriorated because of a constant stream of regulations, all aimed at limiting the freedom of research institutes to do their work quickly and efficiently." posted by James DeLong : 9/28/2004 10:04:44 AM   IPcentral WebLog Blog Main Recent Posts   WSJ Articles on Music Downloading The Future History of P2P Moore's Law Marches On More Riffs on Posner Tech Environmental Quality Index (TEQI) Posner, Eldred, and Fair Use The Mysterious Origins of the Induce Act Morality and Medicine Economists Find a New Voice Secret Ingredients in the Recipe for Linux! Archives by Month   December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 Links   PFF Blog

	9.28.2004  Pharma Innovation  National Review Online has an interesting article on "The Transatlantic Innovation Gap," comparing America and Europe on pharmaceutical research. A key point: "More important than cultural disparities are the differences in regulatory regimes. In spite of recent legislative efforts, Europe still doesn't have a decent regime of intellectual property protection, which leaves companies uncertain about the profitability of any investments they are looking to make. America's fortunes turned when it got serious about promoting R&D through the 1980 Bayh-Dole act. Europe's fortunes deteriorated because of a constant stream of regulations, all aimed at limiting the freedom of research institutes to do their work quickly and efficiently." posted by James DeLong : 9/28/2004 10:04:44 AM   IPcentral WebLog Blog Main Recent Posts   WSJ Articles on Music Downloading The Future History of P2P Moore's Law Marches On More Riffs on Posner Tech Environmental Quality Index (TEQI) Posner, Eldred, and Fair Use The Mysterious Origins of the Induce Act Morality and Medicine Economists Find a New Voice Secret Ingredients in the Recipe for Linux! Archives by Month   December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 Links   PFF Blog