NanoBusiness Alliance: Patent reform act overreaches

October 29, 2007 — The NanoBusiness Alliance has announced that more than 75 nanotechnology companies have voiced “significant and continuing concern” about the Patent Reform Act of 2007. The Alliance — an association for the emerging nanotechnology industry — and its member companies are urging Congress to carefully consider the implications of the proposed patent reform legislation on science-based innovation.

“It is the position of the NanoBusiness Alliance that patent reform should strengthen, not weaken, protection for intellectual property and incentives for innovation,” the Alliance said in a news release. “However, S. 1145, as drafted, puts science-based innovation at risk. As such, numerous nanotechnology companies have joined with others from a wide variety of industries including high-tech, financial services, manufacturing, med-tech, green-tech, and pharmaceuticals to express strong concern for this bill.

“We hope and expect the Senate will address overreaching provisions before moving the bill forward, so we can pass meaningful and beneficial patent reform,” said Sean Murdock, executive director of the Alliance.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.