When Protection Becomes Obstruction: The Hidden Cost of America's Biotech Patent Culture
Intellectual property protection is a cornerstone of biotech investment logic — without it, the financial case for funding long-horizon research collapses. But a growing body of evidence suggests that the industry's most aggressive IP strategies are producing a paradox: the very mechanisms designed to incentivize innovation are now functioning as barriers to the cross-institutional collaboration that scientific breakthroughs increasingly require. The costs are measured not in legal fees, but in