difficulty lies not in the new ideas,
What does an attorney bring to the table in a Biotech world?
The ability to minimize risk and help a company navigate the regulatory pathway.
It is no longer sufficient for legal counsel to advise a company on merely what it can or can't do. The competitive marketplace demands that attorneys provide their clients with practical advice for on-going ways to accomplish their business goals.
In addition to concerns over regulatory issues, it is necessary for biotech companies to obtain financing for continued research and development as to grow as a business. Attorneys should oversee day-to-day business issues like contracts, licensing, patenting, employment issues, and lease agreements, as well.
The process of deciphering the human genome has revolutionized the biotechnology field. Scientists are finding themselves immersed in legal and regulatory changes as well as ethical dilemmas.
Issues that affect biotech companies include: the patentability of genetic information, the conduct of clinical trials involving gene therapy, the approval process for new drugs developed from genes, proteins and other biological components, tissue engineering, fetal tissue research, confidentiality of patient health information, bioengineered food, conflict of interest disclosure requirements for researchers and the transferability of tax credits for research and development.
Chappell Law Firm, P.L.L.C. can help biotech companies navigate these legal and regulatory pathways and define business strategies that will help them grow and succeed.
THE BIOTECH CENTURY
Biotechnology gives us stonewashed blue jeans, laundry detergent, human insulin and home pregnancy tests. These products and many others are made by living cells and their molecules.
Since early humans began selectively breeding the best plants and animals thousands of years ago, biotechnology has improved our lives. Bacteria and fungi helped make several foods, including cheeses, breads and yogurts.
Today, scientists use many techniques, all grouped
under the label biotechnology, to research new treatments for disease, create
safer food products and formulate less-damaging chemicals. The techniques allow
researchers to insert into an organism a single gene, and the desirable traits
it produces, without also transferring other genes and undesirable traits. It's
more efficient than breeding whole organisms.
* Quoted in: K. Eric Drexler Engines of Creation: the Coming Era of Nanotechnology, Bantam, New York, 1987, p 231.
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