I think we could make a whole thread (if there isn't already one) about the subject of encouraging the development and freeing up of IP...
e.g., why would a company develop some new genetic variation (or sequence an existing variation in order to improve it/better express it/bring it into a different organism) at great cost and then patent it (probably at a relatively minor cost, compared to the first, but still something) and then not control their monopoly.
Having worked close to the pharmaceutical industry (i.e. tangentially, the pharma bit not being my speciality) I know a little bit about the pressures in putting a whole host of possible novel drugs through the various processes that filter them down, down, down (so that even before the Phase I in Humans stage it's a small, small fraction, and few of these ever 'survive' the tests), so that whatever becomes 'saleable' has to make enough profit to pay for all the tried (and mostly failed) research in the remaining time before they become Generic-able and everyone else starts making their own version... I also know that archetypal "cures for the common cold" that will end up being pennies-worth of revenue per once-only treatment are rarely considered worthwhile to expend on. And as for things that the 3rd-world would vastly benefit from... very little revenue there, too.
Or there's the classic of the "replacement for petroleum(/gasoline)" that gets bought up by Big Oil so that it never gets developed as a competitor (although I'm not sure how true that is, this being more the classic Conspiracy Nut theory, although with the above Big Pharama experience I could believe something like it happens).
For the record, the people who develop these things need an incentive to develop them. (Also, tangentially, around the time I departed the scene there was going to be a journal devoted to Failed Trial Results, to counteract the tendency for only (significantly) positive-result trials ever being published and thus biasing the reporting to only the most positively conclusive results, leaving the so-so positive ones and the outright zero-result/negative result failures unreported. If there needs to be an incentive for that too, then add that to the bill.) And then anything that's useful (by common acclaim( yet a financial dead-end (as far as the developer itself is concerned) perhaps needs the involvement of remuneration to bring it into the public domain.
And that sounds like a lot of outlay, one way or another. A needs a neutral organisation in charge of making (hopefully) the best decisions and with the power (if necessary) to force an IP-holder to release their stake to the world at what should be a mutually-reasonable exchange-rate for the rights. And (as necessary, and again at appropriate proportion) able to subsidise whoever feels they can make use of this.
Which is a whole lot of potential responsibility and purse-strings-holding. Almost makes you wish for a socialist world government to overturn all the capitalist pressures currently inherent in the system. (All the systems, I'm talking everything, not just GM. Not just marginal-profit/great-good pharma items. Not just petroleum-replacement tech. Heck, if some guy in a garage comes up with the magical formula for space-elevator construction I'd hope they'd get the opportunity to be spotted for what they are and then helped to bring it to fruition.) Not that I'm left-wing myself, particularly, but right now I can't work out how that could possibly work, purely financially, without some big private philanthropic benefactor, and I don't really trust even the most overtly charitable billionaire[1] to take control of the process...
It's a big ask. Which is why I can't see this problem being solved (or even agreed upon by the majority) within the confines of this thread. Or even a thread of its own... Basically, it's an insoluble. Until it is solved, of course, but I'm not holding my breath for that actual miracle.
So, just move along now, nothing to see here...
[1] After all, you don't become a billionaire without some penny-pinching and developing a big personal self-interest in all that money you 'give away'. Which is not to say that when one arrives at 'the top' you can't switch game-plan and start Buying Your Indulgences, big style, while happy to just life a millionaire's lifestyle... But the rest of the world is always going to be entitled to have its doubts about your motives, right..?