Senate Bill for Patent Reform Looks Hopeful
- Published: Monday, 29 June 2015 19:38
- Written by STEPS
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The Senate Judiciary Committee voted to approve a bill that was designed to limit the number of court cases filed by “patent trolls,” firms that buy old patents and sue businesses for infringing on them, in the hopes of financial gain. The Committee has also agreed to expand the scope of the bill to protect patents from being easily challenged and revoked after already given approval by the U.S. Patent and Trademark Office. Pharmaceutical and biotechnology companies hope that this bill will prevent their intellectual property rights from being undermined. The Senate Judiciary Committee will be refining the language before intro- ducing the bill. See: http://cen acs org/articles/93/i24/Patent-Reform-Bill-Clears-Hurdle.html.