Time for an IP Share Market?

Direct investment in market-valued intellectual property could drive translational success.

James Lyons-Weiler
Jan 31, 2009

Thirty years of investment in the pharmaceutical, biotechnology and life sciences industries have yielded returns that fall short of their potential. The prognosis is even worse: Investors' confidence rests on massive consumption of products and services made available by today's investments, but it is impossible to predict where the winners will arise.

Investors take myriad risks. They do not know the future value of the company's stock or how their investment capital will be used, and while they may believe forward-looking statements about the priorities and direction of a company, they have no real idea whether the use of their investment will match their motivation to invest, or be used to take the company in another direction.

Such risks would be lessened by investment in IP (Intellectual Property) rather than in companies. There are no significant technological...