Coming Soon: Paradigm Shift In Genetic Resources Regs
October 28, 2013, 12:41 PM EDT
Law360, New York (October 28, 2013, 12:41 PM EDT) -- It has been 20 years in the making, but a new regulatory scheme is quickly moving into force. This emerging regime may impact the development of, and intellectual property rights surrounding, an array of products, including pharmaceuticals, biotech products, agricultural products, nutritionals, supplements, cosmetics, perfumes and fragrances and industrial enzymes.
Companies whose products are derived from or include genetic material or biochemical derivatives of plants, animals, microorganisms and other nonhuman biological materials will need to be aware of these developments. Indeed, new requirements are rapidly being...