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Advancements in the areas of Information Technologies (IT) and the New Life Sciences (NLS) are helping redefine the boundaries of Intellectual Property Rights (IPRs). Although the fast growth of these technological areas may very well be fueled by the existence of the IPR system itself, in recent years there appears to have been a more systematic movement of IPRs too far "upstream" in the research cycle in a way that may actually discourage future research and innovation. This document addresses some of the most recent public policy issues surrounding IPRs and delves into the case of biotechnology (biotech) to provide examples of how advancements in this area are helping redefine concepts like ownership, property, and rights over things and ideas. Lastly, it presents more arguments to suggest that in an era where information has become the most valuable asset, alternative forms of IPRs protection in which property rights are simultaneously shared among numerous proprietors could help better promote a steady expansion of scientific activity and artistic expression.