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A Study on Intellectual Property Rights and Its Significance for Pharmceutical Industry in India

  • Unique Paper ID: 172486
  • Volume: 11
  • Issue: 9
  • PageNo: 131-138
  • Abstract:
  • Intellectual property right (IPR) is the property right that are granted to an author or creator of a new invention, which include both tangibles and intangibles. The concept of intellectual property emerged in the 18th century in the United States of America, with the first federal patent statute enacted in 1790. Intellectual property rights are legal protections granted to those who have invented something new or created something original that can be reproduced or transmitted. The scope of intellectual property rights varies by country, but in principle, any form of expression that falls within copyright or patent law is protected as intellectual property (refer Sec 20(1)(b) of the Copyright Act 1957). In pharmaceutical industry there has been surge of copying the name of medicines and reproducing it under their fake identity. Now a days, the pharmaceutical industry sees the surge in IPR litigation due to unauthorized use of brand name, style, design etc. by other parties. In order to protect the interest of inventor or creator of goods or services the IPR Act needs to have stricter provisions.
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  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 9
  • PageNo: 131-138

A Study on Intellectual Property Rights and Its Significance for Pharmceutical Industry in India

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