Bayh-Dole: The fuel for America’s innovation engine

3 September 2026

America’s strong intellectual property (IP) system provides the certainty needed to invest in the risky and costly process of developing new medicines, noted trade group Pharmaceutical Research and Manufacturers of America (PhRMA) in a website posting.

This system, in addition to the collaborative biopharmaceutical research ecosystem that includes both the private and public sectors, yields more innovative medicines than anywhere else in the world.

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