An analysis of how today's patent law will affect tomorrow's innovation in three areas of precision medicine: (1) biomarkers and nature-based products; (2) diagnostics; and (3) algorithms, big data, and AI. No topic in medicine garners more interest today than precision medicine, with its goal of better tailoring treatment to patient needs. It is not only patients who stand to benefit from better diagnosis, prognosis and treatment, but also the organizations investing in its r e s e a r c h a n d d e v e l o p m e n t 1. According to one recent estimate, the global precision medicine market accounted for $43.59 billion in 2016 and is expected to reach $141.70 billion by 2026 with a compound annual growth rate of 11.23% between 2017 and 2026 2 .