Pharma News Intelligence April 16, 2024
Patents, trademarks, copyrights, trade secrets, and regulatory exclusivities offer intellectual property protections to pharmaceutical companies.
The Journal of Advanced Pharmaceutical Technology & Research defines intellectual property as “any original creation of the human intellect such as artistic, literary, technical, or scientific creation.”
Intellectual property rights or protections are offered to inventors, creators, or owners of particular intellectual property for a specified period, preventing others from profiting from said property. These rights play a critical role in the pharmaceutical industry, where research and development costs continue to increase, burdening researchers and innovators financially. Theoretically, intellectual property rights protect an innovator’s right to profit from their product for a specified period, potentially offsetting the losses accrued during the research and development process.
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