Exploration of nature for material with commercial potential
Many important medications have been discovered by bioprospecting including the diabetes drug metformin (developed from a natural product found in Galega officinalis).[1]
When a region's biological resources or indigenous knowledge are unethically appropriated or commercially exploited without providing fair compensation, this is known as biopiracy.[12][17] Various international treaties have been negotiated to provide countries legal recourse in the event of biopiracy and to offer commercial actors legal certainty for investment. These include the UNConvention on Biological Diversity and the Nagoya Protocol.[2][10]
Other risks associated with bioprospecting are the overharvesting of individual species and environmental damage, but legislation has been developed to combat these also. Examples include national laws such as the US Marine Mammal Protection Act and US Endangered Species Act, and international treaties such as the UN Convention on Biological Diversity, the UN Convention on the Law of the Sea, and the Antarctic Treaty.[10][18]
^Cite error: The named reference pmid29077533 was invoked but never defined (see the help page).
^Mazarrasa I, Olsen YS, Mayol E, Marbà N, Duarte CM (October 2014). "Global unbalance in seaweed production, research effort and biotechnology markets". Biotechnology Advances. 32 (5): 1028–36. doi:10.1016/j.biotechadv.2014.05.002. PMID24858315.
^"Biopiracy". www.merriam-webster.com. Merriam-Webster. 2020. Retrieved 17 July 2020.
^Benson E (February 2012). "Endangered science: the regulation of research by the U.S. Marine Mammal Protection and Endangered Species Acts". Historical Studies in the Natural Sciences. 42 (1): 30–61. doi:10.1525/hsns.2012.42.1.30. PMID27652415.