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Are Abusive Patents to Blame for the Lack of Innovative New Drugs on the Market?
A new report from the Government Accountability Office finds a slowdown in new drugs coming to market. Big Pharma is spending big money on research -- from $16 billion in 1993 to almost $40 billion in 2004 -- but it's not getting big breakthroughs and the number of new drug applications has dropped. One culprit? Abusive patent practices, says the GAO. But lawyers who represent pharmaceutical companies say the report is too simplistic, and its suggested changes to IP laws would only create new difficulties.Private Investigators Go In-House at Law Firms
If you meet someone who does "PI" work at a law firm, don't assume the "PI" stands for "personal injury." Bickel & Brewer, a 35-lawyer firm that handles securities and large commercial suits, hired its own in-house investigators -- and it's not the first firm to do so. Bickel partner William Brewer III says the four-member investigative unit saves the firm money and does a better job than outside investigators who wouldn't be as familiar with the material or apt to work as closely with the litigators.Meet the Original Patent Troll
Instead of looking for clients, litigator Raymond Niro looks for patents, holding the dubious distinction of being the first patent troll. In 2001 Intel assistant GC Peter Detkin coined the term to characterize Niro and his client. "Troll was a derivative of, er, me," says Niro. But love him or hate him for his innovative ways, there's no doubt that Niro and his firm are at the center of a patent ecosystem, connecting patent-holding companies, lawyers and inventors, and making serious profits.Feds Must Answer Four Questions
One hundred and sixty-eight days - that`s the record for the longest jailing of a writer for contempt in U.S. history. Cub crime writer Vanessa Leggett holds that record, and odds are that she will break her own record in 2002. Leggett recently was sprung from a Houston jail not because the federal government withdrew its grand jury subpoena for her notes of interviews with confidential sources and not because she relented and produced those notes. She was released because the grand jury that issued the subCalif. Firms Not Matching N.Y. Associates' Pay
More California-based firms are opting for a segmented associate salary scale, hiking pay to $160,000 in New York offices but implementing a $145,000 scale on the West Coast. But a move from another large firm could be enough to force firms that have raised to less than $160,000 to go the rest of the way, says recruiter Avis Caravello. "Let's say Latham goes to 160 -- there's no way O'Melveny or Gibson will stand by and let it happen," she says. "All you need is for one big California firm to do it."Veterans Lose Health Insurance Battle
Despite what military recruiters may have told them, a pair of 20-year armed forces veterans were not entitled to free medical care for life, the U.S. Court of Appeals for the Federal Circuit said last month. The suit accused the federal government of breaking a promise it had provably made to enlisted men during World War II, and then later to recruits for the war in Korea.Post-Sept. 11: More Bucks, Bodies and Bureaucracy
The French have a saying - the more things change, the more they stay the same. I would have printed the adage in its original tongue, but I wouldn`t want to be accused by our president of being an intercontinental: code for being a smarty-pants and unpatriotic to boot. On the surface, the world of federal law enforcement has changed radically since Sept. 11. President George W. Bush has anointed a security czar and created an entire new Cabinet-level Department of Homeland Security. Bush has orderedTrending Stories
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