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Intellectual
property rights (IPR) have been defined as
ideas, inventions, and creative expressions
based on which there is a public willingness
to bestow the status of property. IPR
provide certain exclusive rights to the
inventors or creators of that property, in
order to enable them to reap commercial
benefits from their creative efforts or
reputation. There are several types of
intellectual property protection like
patent, copyright, trademark, etc. Patent is
a recognition for an invention, which
satisfies the criteria of global novelty,
non-obviousness, and industrial application.
IPR is prerequisite for better
identification, planning, commercialization,
rendering, and thereby protection of
invention or creativity. Each industry
should evolve its own IPR policies,
management style, strategies, and so on
depending on its area of specialty.
Pharmaceutical& Management Organization
industry currently has an evolving IPR
strategy requiring a better focus and
approach in the coming era. |
