Intellectual Property Rights And Its Allusions In Pharma Industry

Author(s)	Dr. Binish Bansal
Country	India
Abstract	Intellectual property rights have been characterised as those that apply to concepts, creations, and artistic works that have the support of a public consensus for granting them the status of property (IPR). IPR provide the property's authors or inventors specific exclusive rights so they may recoup their costs of creation or reputation. There are several ways to safeguard intellectual property, including patents, copyright, trademarks, and others. A patent is issued for an invention that satisfies the criteria of general novelty, non-obviousness, and industrial applicability. IPR is necessary for improved identification, planning, marketing, and rendering—and, as a result, for the protection of invention or creativity. Each industry should create its own IPR rules, management techniques, strategies, and other components according on its area of competence. A more targeted approach is required in light of the pharmaceutical industry's developing intellectual property rights strategy.
Keywords	Drug, intellectual property, license, patent, pharmaceutical
Published In	Volume 4, Issue 6, June 2023
Published On	2023-06-01
Cite This	Intellectual Property Rights And Its Allusions In Pharma Industry - Dr. Binish Bansal - IJLRP Volume 4, Issue 6, June 2023.

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