IP Explained: How patents support innovation throughout the biopharmaceutical lifecycle

Patents are unique in that they are a form of IP protectionestablished in the U.S. Constitution that grants inventors the right to their inventions without others being able to make, use or sell them for a set period of time. Many essential industries rely on the U.S. patent system to foster innovation, and the existence of a patent doesn ’t necessarily prevent others from developing and patenting different solutions to the same problem. And once the patent has expired, the invention can be freely used by anyone.

Source: The Catalyst - August 6, 2019 Category: Pharmaceuticals Authors: Tom Wilbur Tags: Patents IP Explained Source Type: news