This year marks the 40th anniversary of the Bayh-Dole Act, which has empowered researchers and encouraged investment in new cures—but the intended purpose is being undermined by misguided policy proposals and rhetoric about drug pricing.
The legislation: The bipartisan University & Small Business Patent Procedures Act of 1980 is more commonly known as the Bayh-Dole Act for sponsors Sens. Birch Bayh (D-IN) and Bob Dole (R-KS).
At a glance, it...
- Empowers universities, small businesses and non-profit institutions to take ownership of inventions made during federally funded research, so they can license these basic inventions for further applied research and development and broader public use.
- Encourages private-sector investment needed to turn basic government-funded biomedical research into tested and approved products, requires these products to be manufactured domestically and ensures royalties for universities to further advance basic research and education.
- Allows the federal government to “march in” under limited circumstances if a licensed invention is not being made available for public use, or during public health or other national emergencies.
And it’s led to big results. Bayh-Dole has bolstered U.S. economic output by $1.3 trillion, supported 4.2 million jobs, and helped lead to more than 11,000 start-ups—as well as more than 200 new medical therapies.
This is why we’ve joined Bayh-Dole 40, a coalition to celebrate and protect the legislation and the innovation it’s supported.
What they’re saying: “Bayh-Dole made the United States the engine of global innovation,” said Bayh-Dole 40 founder and executive director Joseph Allen, who helped enact the law as a member of Senator Birch Bayh’s U.S. Senate Judiciary staff. “The Act reinvigorated research and development in America, spawning breakthrough discoveries ranging from high-yield crops to advanced medicines.”
For more information on Bayh-Dole and why it matters, visit bayhdole40.org or check out our infographic.
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