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THE PHARMA REVIEW (JULY AUGUST 2014)

Intellectual Property Rights: An Overview and Implications in Pharmaceutical Industry

Chandra Nath Saha1 & Sanjib Bhattacharya2

Introduction: Intellectual property (IP) pertains to any original creation of the human intellect such as artistic, literary, technical, or scientific creation. Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time1. These legal rights confer an exclusive right to the inventor/creator or his assignee to fully utilize his invention/creation for a given period of time. It is very well settled that IP play a vital role in the modern economy. 

 

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