Patents on the honor system……Theranos

Honor system and capitalism, really?

“The patent system is often explained as an exchange between inventors and the public. By filing for a patent, the inventor can get a period of exclusivity. In return, the public gets to see how the invention works. This is sometimes called the “patent bargain.” The Theranos story reveals that the system fails to live up to this ideal.”

“Early Theranos skeptics tended to be scientists who had heard the company’s extravagant claims and had asked the obvious question: does the tech really work? In 2014, a pathologist wrote that he was skeptical Theranos was using proprietary technology for many of its tests. Other scientists expressed frustration that Theranos had not shared its methods with the scientific community nor offered any evidence that the methods worked.”

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