What I mean by wasted time and energy is, it is wasteful for 1,000 researchers working in secret at private companies to independently discover the same protein, without telling anyone, when instead one person could have discovered it and then shared the information. It's like 1,000 companies digging trenches for water pipes under the same road.
Working with the most charitable interpretation of your view, is the idea that Peter Higgs would have patentented the Higgs boson, CERN would have paid him royalties to attempt to produce it, and CERN and Higgs together would have sold the rights to a trust that was able to collect royalties on all products whose invention required the use of electroweak theory? It would have to be a patent term that lasted about 100 years, otherwise Maxwell wouldn't have been able to fund Maxwell's laws.