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. 2011 Apr;2(2):88-93.
doi: 10.4103/2231-4040.82952.

Intellectual property rights: An overview and implications in pharmaceutical industry

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Intellectual property rights: An overview and implications in pharmaceutical industry

Chandra Nath Saha et al. J Adv Pharm Technol Res. 2011 Apr.

Abstract

Intellectual property rights (IPR) have been defined as ideas, inventions, and creative expressions based on which there is a public willingness to bestow the status of property. IPR provide certain exclusive rights to the inventors or creators of that property, in order to enable them to reap commercial benefits from their creative efforts or reputation. There are several types of intellectual property protection like patent, copyright, trademark, etc. Patent is a recognition for an invention, which satisfies the criteria of global novelty, non-obviousness, and industrial application. IPR is prerequisite for better identification, planning, commercialization, rendering, and thereby protection of invention or creativity. Each industry should evolve its own IPR policies, management style, strategies, and so on depending on its area of specialty. Pharmaceutical industry currently has an evolving IPR strategy requiring a better focus and approach in the coming era.

Keywords: Drug; intellectual property; license; patent; pharmaceutical.

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Conflict of interest statement

Conflict of Interest: Nil.

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