The U.S. Federal Trade Commission (FTC) yesterday released a report entitled "To Promote Innovation: The Proper Balance of Competition and Patent Law and Policy." This report offers recommendations for updating the current patent system in order to promote competition. The recommendations are based on the hearings the FTC held last year on competition and intellectual property.

The report makes the following 10 recommendations, which if adopted, could significantly alter patent law and procedure:

1. The U.S....

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