A Review on Intellectual Property Rights

Pratik C. Waghmare; Shravan j. Somani; Abhijit R. Rode; Karishma R. Gulave

doi:10.36948/ijfmr.2023.v05i03.2831

A Review on Intellectual Property Rights

Author(s)	Pratik C. Waghmare, Shravan j. Somani, Abhijit R. Rode, Karishma R. Gulave
Country	India
Abstract	This review article delves into the complex and ever-evolving field of intellectual property rights (IPR) as they relate to the pharmaceutical industry. The article begins by examining the history of IPR in pharmacy, highlighting the key developments and milestones that have shaped the landscape of pharmaceutical intellectual property law over time. From there, the article explores the different types of IPR that are relevant in the pharmaceutical industry, including patents, trademarks, and copyrights. The article then moves on to discuss the critical role that IPR plays in driving innovation and economic growth in the pharmaceutical sector. This section provides a comprehensive overview of how IPR protections incentivize research and development, encourage investment in new drugs and therapies, and ultimately help to improve global health outcomes. However, the article also delves into the challenges and controversies surrounding IPR in the pharmaceutical industry. This includes discussions of issues such as access to essential medicines, high drug prices, and the tension between intellectual property rights and public health concerns. Finally, the article considers the future of IPR in pharmacy, including emerging trends and developments that will likely shape the field in the coming years. This section touches on issues such as personalized medicine, artificial intelligence, and the increasing importance of data as an asset in the pharmaceutical industry. Overall, this review article provides a comprehensive and insightful overview of intellectual property rights in the pharmaceutical industry, making it an invaluable resource for anyone interested in this important and dynamic area of the law. Keywords: - Innovation, Economic growth, Drug pricing, public health, Personalized medicine, Artificial intelligence, Data assets
Keywords	Keywords: - Innovation, Economic growth, Drug pricing, public health, Personalized medicine, Artificial intelligence, Data assets
Field	Medical / Pharmacy
Published In	Volume 5, Issue 3, May-June 2023
Published On	2023-05-04
Cite This	A Review on Intellectual Property Rights - Pratik C. Waghmare, Shravan j. Somani, Abhijit R. Rode, Karishma R. Gulave - IJFMR Volume 5, Issue 3, May-June 2023. DOI 10.36948/ijfmr.2023.v05i03.2831
DOI	https://doi.org/10.36948/ijfmr.2023.v05i03.2831
Short DOI	https://doi.org/gr7hdf

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International Journal For Multidisciplinary Research

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A Review on Intellectual Property Rights

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