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Pharma firm hikes life-saving drug price by 5500%
The medical community is outraged by a 5,500 percent price hike for Daraprim, after a big NY-based pharmaceutical company purchased the patent for it. The drug has been on the market for over 60 years, and can be essential to certain AIDS and cancer treatments.
The New York-based Turing Pharmaceuticals raised the price of Daraprim from $13.50 to $750 per pill in just over a month after buying the...
US Supreme Court rules human genes can’t be patented
In a historic ruling that drastically affects the future of science and medicine, the Supreme Court unanimously decided that human genes cannot be patented, but that synthetically created DNA strands are “patent eligible”.
The ruling is a victory for science researchers who have been restricted from creating tests or treatment options involving human genes that were already patented. The case...
Monsanto wins landmark patent case in Supreme Court
The United States Supreme Court ruled Monday in favor of biotech giant Monsanto, closing the door on a patent case that has pitted a smalltime farmer from Indiana against a titan of the agriculture industry.
The high court said early Monday that 75-year-old farmer Vernon Bowman of Indiana violated Monsanto’s patent rights when he purchased a mix of seeds from a grain elevator that he later planted...