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On Sept. 7, 2005, the Federal Circuit issued a hard-hitting decision for mavens of the agricultural sciences. The ruling touches on the patentability of a large portion of naturally occurring, protein encoding nucleotide sequences, referred to as “expressed sequence tags” or “ESTs.”
In In Re Fisher, No. 04-1465, 2005 WL 2139421 (Fed. Cir., Sep 07, 2005), the Federal Circuit affirmed a decision of the Board of Patent Appeals and Interferences (the “Board”) holding that absent evidence to support any claimed uses, ESTs lack the specific and substantial utility required by 35 U.S.C. '101 to render them patentable; and therefore under '112, do not enable one of ordinary skill in the art to use them.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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