Friday, September 16, 2005

Unintended Consequences

Fascinating read about a law that supposedly did not make a whiff past the Beltway but had too many unintended consequences.

Twenty-five years ago a law known as Bayh-Dole spawned the biotech industry. It made lots of university scientists fabulously rich. It was also supposed to usher in a new era of innovation. So why are medical miracles in such short supply?

While it sounds a bit like serendipity with the bad far outweighing the good, it turns out that there is such a thing like the law of unintended consequences

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