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As noted by Walsh et al (2003): Patents can play a vital role in facilitating the transactions that are needed to take research hydrocodone online no script from the developmental phase to downstream product delivery.26 The same observation was made by the Walter and Eliza Hall Institute (WEHI) in their submission to the Senate Community Affairs Committee review of Gene Patents: Researchers in the public sector are accepting more and more that patenting is an essential component of commercialisation, and that commercialising patents is necessary for investment in R&D and for ensuring that products buy tramadol ultram that benefit the public are developed. Public institutes do not have the skills or capital to transform research results into marketable products in the form of pharmaceuticals, therapeutic proteins and diagnostics and require public sector involvement to make possible public access to these developments. Consequently, WEHI works with other organisations to achieve these outcomes through effective licensing practices and effective collaborations.27 Within the university sector, patents are often used to achieve broader university goals. As explained by Ms Harrison-Smith of Monash University cfide med hydrocodone order hydrocodone in public hearings, income from licensing of pharmaceutical technologies cfide med hydrocodone order hydrocodone to industry is used by the university to fund research to address public and community health issues that might be of less cfide med hydrocodone order hydrocodone interest to originators. The pharmaceutical lifecycle Figure 2.2 below provides an overview of the development process for pharmaceuticals, demonstrating the long lead time and high costs in bringing new pharmaceuticals to market and the high failure rates for potential new products. Figure 2.2 - Pharmaceutical development Early Phase I Piedinieal Clinical Regulatory I Scale-up to I Peat-Marketing Research hydrocodone compound syrup mor I resting Trials Review I Manufacturing I SurvellBnce Patents are typically filed during early phase or pre-clinical research IP rights are the lifeblood of pharmaceutical innovation. IP provides assurance to an innovator of approved new products or indications that it has the opportunity to generate revenues sufficient to justify its substantial R&D investments and ensure sustainable future innovation.28 The Generic Medicines Industry Association (GMiA) also states: Pharmaceutical patents play an important role in encouraging the innovation of new pharmaceutical [sic] and it is imperative that innovation is directed to the invention cfide med hydrocodone order hydrocodone of products that improve health outcomes.29 In their submission, Medicines Australia quotes an average cost of $1.5 billion and 12 to 15 years to bring a new drug to market.30 A significant proportion of this, on average $700 million per medicine, is typically spent on hydrocodone without dr.'s prescription clinical trials.31 While submissions from originators stress the importance of the patent system for a sustainable, innovative pharmaceutical industry, none address the current and future state of industry profitability or asset growth.

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