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The Purdue University Office of Policy Planning will be hosting an intellectual property event next week.
“Marching In” and Bayh-Dole: The Past and Future of Intellectual Property at American Universities will be held at 4:30 p.m. on April 1.
Panelists will discuss the past, present and future of the Bayh-Dole Act from their perspectives in the policy world of Washington D.C., from a private sector firm developing cutting-edge pharmaceuticals, and from Purdue University itself.
The panel includes Executive Director of the Bayh-Dole Coalition Joe Allen, Senior VP of Commercialization, Purdue Research Foundation Brooke Beier and Associate VP at Eli Lily and Assistant General Patent Counsel Duane Marks.
They will be speaking in the Dean’s Auditorium at Pfendler Hall.
The Bayh-Dole Act was passed in 1980.
According to the university, the legislation was co-authored by Sens. Birch Bayh of Indiana and Bob Dole of Kansas, and the act permits universities, nonprofits and small businesses to retain the right to inventions developed through federally funded research.
Since then, researchers at universities can patent and commercialize their inventions even when the research leading to those inventions received federal funding.
The passage of Bayh-Dole is estimated to have led to an increase in patent commercialization and contributed to more than $1 trillion dollars in GDP growth.
The Biden Administration is considering reclaiming ownership of patents in an effort to curb prescription drug prices.
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