Abstract
There has been extensive debate over whether private-sector bioprospecting for pharmaceutical compounds creates significant incentives for biodiversity conservation. We offer a case study of the discovery and commercial development of the anti-cancer drug taxol from the Pacific yew tree, highlighting neglected issues in the debate over bioprospecting and conservation incentives. The discovery of taxol and the search for taxol-like compounds illustrates how bioprospecting can substitute threats to biodiversity from over-harvesting for threats to biodiversity from habitat conversion. As this example illustrates, whether creation of market demand for genetic resources encourages or discourages biodiversity conservation depends crucially on underlying property rights.
How to Cite
50 Ariz. L. Rev. 545 (2008)
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