We sometimes get accused of being opposed to patent reform in the US. But that is not fair. Our position is a little more nuanced than that. We not only believe that the US patent system – for all its flaws – has been one of the reasons why the US has enjoyed decades of innovation leadership in so many sectors, but also that it has helped incentivise the development of inventions and industries that have massively benefited people across the world. Thus, legislation to change that system needs to be based on hard and compelling evidence that it will provide a net benefit; in other words, that it will do more good than harm.

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