If the American government waives intellectual property protections, the effect would hit New Jersey particularly hard.
national biotechnology and biomanufacturing initiative
, a multibillion-dollar effort to ensure that innovations “invented in the United States of America are made in the United States of America.” But that money will mostly go to waste if some members of his administration get their way. These officials are urging the president to support a proposal — currently under consideration at the World Trade Organization — that would significantly weaken intellectual property rights. The prospect of the Biden administration endorsing it is already spooking life science innovators in New Jersey and across America. And it could undermine U.S. global competitiveness in biotechnology for years to come.
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