Should genetically engineered entities be considered the property of anyone?

Pro: The legal recognition of genetically engineered entities as property gives owners an incentive to pursue research into the development of such things. Thus, in this case, legal recognition is a stimulant to economic growth. Patents protect intellectual property; they encourage researchers to make investments of time and capital in projects that are likely to benefit society.

Con: Designating genetically engineered entities as property impedes scientific progress. Such a restriction on research impairs the ability of scientists to investigate the properties and functions of those entities and to publish their findings to enable other investigators to build on the new knowledge.