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Review Papers | Pharmacy | India | Volume 13 Issue 1, January 2024 | Popularity: 5.2 / 10
Intellectual Property Rights and Challenges Associated in Drugs and Pharmaceuticals
Sonali Verma, Dr. Vikesh Kumar Shukla, Dr. Navneet Sharma
Abstract: This review article aims to present in-depth study of intellectual property rights and challenges associated in drugs and pharmaceuticals. Intellectual property rights (IPR) have been de?ned as ideas, inventions, and creative expressions based on which there is a public willingness to bestow the status of property. This intellectual property right comprises copyright-related rights as well as patent, trademark, trade dress, and commercial crate rights. A pharmaceutical product's quality, safety, and e?ectiveness depend on its intellectual property rights. To ensure the certi?cation and recognition of items within a vast market, it functions as an established authority and certi?cation entity. Intellectual property rights are the legal entitlements provided to creators for their creative endeavors, a?ording them exclusive usage privileges for a de?ned period. The concept of "intellectual property" encompasses human innovations across art, literature, science, and industry. Its signi?cance lies in safeguarding inventors' creations and maintaining the quality and integrity of their contributions. Further this paper also explain the management of Intellectual property in pharmaceutical industries which is is necessary for pharmaceutical companies to locate, organise, market, and safeguard their ideas. It is also a vital instrument for preserving investment, time, and e?ort as well as for fostering healthy competition, which supports economic growth and industrial advancement. This paper also explains challenges related to IPRwhich is an e?ort to highlight the di?culties and problems that India has in providing intellectual property rights to businesses that fall under Indian law.
Keywords: IPR, copyright, patent, trademark
Edition: Volume 13 Issue 1, January 2024
Pages: 1346 - 1349
DOI: https://www.doi.org/10.21275/SR231023114227
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