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Why Myriad Genetics doesn’t care about the Supreme Court’s ruling

Why Myriad Genetics doesn’t care about the Supreme Court’s ruling. [How legal woes can affect a company] Arden Perkins. Association for Molecular Pathology vs. Myriad Genetics & USPTO. Myriad was awarded patents for 2 human genes Brca1, Brca2 Indicate susceptibility to breast cancer*

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Why Myriad Genetics doesn’t care about the Supreme Court’s ruling

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  1. Why Myriad Genetics doesn’t care about the Supreme Court’s ruling [How legal woes can affect a company] Arden Perkins

  2. Association for Molecular Pathology vs. Myriad Genetics & USPTO • Myriad was awarded patents for 2 human genes • Brca1, Brca2 • Indicate susceptibility to breast cancer* • http://www.youtube.com/watch?v=YTVW3uZSD1E

  3. Ethical Issues • Human genes are natural products • Not patentable • Have been patented for last 20 years! • May hinder research progress • Can’t improve technology • Monopoly • Scientists & civil rights groups challenged the patents

  4. Supreme Court rules you can’t patent genes . . . But you can. • http://www.youtube.com/watch?v=CYdNFF6qORw • Strikes down gene patents • But rules that cDNA is patentable • Disconnect between scientists/legislation/politicians “Shares of Myriad Genetics (MYGN) popped nearly 11% to a four-year high in morning trading Thursday after the U.S. Supreme Court issued a mixed ruling on whether its genetic products could be patented.” –Investors.com

  5. Other Biotech companies impacted by legal issues: • Geron Inc. • Stem Cells Inc. • SAFC Must navigate a minefield of strange policies, some reasonable some not . . . If “benefits” of research are stripped from companies, will the motivation to develop them remain?

  6. Sources • http://mysticpolitics.com/insane-aclu-sues-myriad-genetics-patent-human-genes/ • http://www.businessinsider.com/supreme-court-myriad-case-2013-4 • http://www.bcaction.org/take-action/outlaw-human-gene-patents/

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