Intellectual property, particularly patents, plays a major role in innovation and discovery in biotechnology. Likewise, since the passage of the Bayh-Dole Act in 1981, patents have become an increasingly important factor in U.S. university-driven basic research, especially in the life sciences where patented technologies have transformed agriculture. Specifically, this paper looks at the potential impacts of these trends on university driven research, the university researcher, the pharmaceutical industry, and the farm sector with an emphasis on recent and pending court cases and legislation. This paper examines policy and adoptions issues in biotechnology and biomedicine in depth and touches on important developments in the tech sectors as a back drop for pending legislation and recent court rulings. How policy is adopted, implemented and interpreted have profound impacts on food production, medical ethics, ecology, U.S. and international farm and innovation sectors and the competiveness of the U.S. in the global economy