Abstract
Intellectual property is the life blood of the pharmaceutical industry. The cost of developing novel therapeutics is extremely high, and in the absence of a method of protecting their intellectual property, no company would be able to afford to develop new medications. Patents grant their owners the ability to prevent others from using or selling their invention. It is important to understand that not every discovery is patentable, public disclosures can lead to loss of patent rights, and that timing is critical to the filing process. Drafting a patent application is a task best left to qualified experts (patent agents and attorneys), but scientists often contribute a substantial amount of information to patent applications. An understanding of the patent process and an awareness of potential critical mistakes in the patent process can be the difference between a billion dollar product and a failed program.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Basic Principles of Drug Discovery and Development
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
