INTRODUCTION ..................................................................................... 198 I. THE UTAH BIOPROSPECTING ACT OF 2010 ................................ 200 A. Overview of the Statutory Provisions ................................. 200 B. Lobbying Activity Behind the Utah Bioprospecting Act ... 202 II. LESSONS TO BE DRAWN FROM NATIONAL AND INTERNATIONAL MODELS OF BIOPROSPEC...

This paper attempts to examine the contribution of indigenous and traditional knowledge in the process of bioprospecting, and analyzes how such knowledge influences the benefits of bioprospecting. Empirical evidence suggests that (i) out of the two widely debated but dissenting hypotheses on the benefits of bioprospecting, one estimating higher values is supported and (ii) if the bioprospecting...

Bioprospecting describe the procedure of exploration, extraction, screening and trading of new products using biological diversity as source. Bioprospecting process is a multidisciplinary enterprise that involves various research actors and scientific subjects. Also a bioprospecting program investigates the indigenous understanding about practices and characteristics of medicinal plants and ani...

This paper explores whether bioprospecting can reasonably be expected to change rural incentives to conserve tropical ecosystems. Bioprospecting advocates posit that the prospect of discovery of biota of immense commercial worth offers an avenue to increase the valuation of nature and endogenously reduce consumptive use of habitat. We consider the microeconomic mechanisms by which bioprospectin...

Biological diversity and its constituent chemical diversity have served as one of the richest sources of bioprospecting leading to the discovery of some of the most important bioactive molecules for mankind. Despite this excellent record, in the recent past, however, bioprospecting of biological resources has met with little success; there has been a perceptible decline in the discovery of nove...

Ethnobotany/ethnopharmacology has contributed to the discovery of many important plant-derived drugs. Field explorations to seek and document indigenous/traditional medical knowledge (IMK/TMK), and/or the biodiversity with which the IMK/TMK is attached, and its conversion into a commercialized product is known as bioprospecting or biodiversity prospecting. When performed in a large-scale operat...

The Apiaceae family includes some of the most known medicinal, food and spice species in the world some of which have been used by humans since antiquity. Local people in different regions use many species of the family but the information regarding their uses is scattered. Traditionally used species are good candidates for bioprospecting. Combining traditional uses with phylogenetic data helps...

T policy brief summarizes the main arguments and conclusions of a forthcoming book by United Nations University Press, which examines the regulation of bioprospecting for drug research from an interdisciplinary law and economics perspective. Bioprospecting was once touted as a promising opportunity for collaborative ventures in biotechnology-based research and development (R&D) between the gene...

Bioprospecting is the exploration of biodiversity for new resources of social and commercial value. It is carried out by a wide range of established industries such as pharmaceuticals, manufacturing and agriculture as well as a wide range of comparatively new ones such as aquaculture, bioremediation, biomining, biomimetic engineering and nanotechnology. The benefits of bioprospecting have emerg...