BIO Issues Statement on PTO Patent Trial and Appeal Board ruling.
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Press Release Summary:
Regarding recent ruling issued by PTO's Patent Trial and Appeal Board, BIO called the failure of PTO's Patent Trial and Appeal Board (PTAB) to properly assess important issues raised by said motion "disappointing." In addition to calling this ruling "cursory and erroneous," BIO said it "reinforces the immediate need for Congress and the PTO leadership to take clear and decisive action to prevent any further misuse and abuse of the Inter Partes Review process"
Original Press Release:
BIO Statement Concerning the Recent Ruling Issued by the PTO's Patent Trial and Appeal Board
WASHINGTON--The following statement may be attributed to the Biotechnology Industry Organization (BIO):
"It is disappointing that the PTO’s Patent Trial and Appeal Board (PTAB) failed to properly assess the important issues raised by this motion. This cursory and erroneous ruling reinforces the immediate need for Congress and the PTO leadership to take clear and decisive action to prevent any further misuse and abuse of the Inter Partes Review process by hedge funds, extortionists and other questionable entities seeking to undermine it for their own financial benefit."
About BIO
BIO is the world's largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the world’s largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO's blog chronicling “innovations transforming our world” and the BIO Newsletter is the organization’s bi-weekly email newsletter. Subscribe to the BIO Newsletter.
Upcoming BIO Events
PMC/BIO Solutions Summit
October 14, 2015
Washington, D.C.
BIO Latin America Conference
October 14-16, 2015
Rio de Janeiro, Brazil
BIO Investor Forum
October 20-21, 2015
San Francisco, Calif.
BIO-Europe
November 2-4, 2015
Munich, Germany
BIO IP Counsels Committee Conference
November 16-18, 2015
Cary/Raleigh, NC
BIO CEO & Investor Conference
February 8-9, 2016
New York, New York
13th Annual BIO Asia International Conference
March 15-16, 2016
Tokyo, Japan
BIO International Convention
June 6-9, 2016
San Francisco, Calif.
Contacts
Biotechnology Industry Organization
George Goodno, 202-962-6660
Web: www.bio.org
Blog: www.biotech-now.org
Twitter: @IAmBiotech
