Apoorva Pradhan, Amity Law School, Noida
ABSTRACT
India is renowned as the global centre of pharmaceuticals due to the rapidly expanding generic medicine manufacturing sector. The issue of pharmaceutical patent protection is becoming more important as a result of the growth of this business. Given the enormous amount of money invested in the research and development of pharmaceuticals as well as the amount of well thought-out effort involved, pharmaceutical patent security is of utmost importance to pharma organisations. The concerns surrounding pharmaceutical patents have been discussed in this exploratory article, and the current state of the law is highlighted.
I use the term "intellect" to describe mental outcomes. These manifestations are referred to as property since they are highly valuable from a business standpoint. Inventions can be protected as intellectual property through patents if they are novel, original, useful, and enable able. An Excursions agreement was proposed by the World Trade Organization to promote trade between the member countries. By joining the World Trade Organization (WTO) and adjusting to international standards, India has established a critical foundation. This article aims to teach pharmaceutical experts, especially those involved in research and development, how to structure inventions through a thorough analysis of prior art, which saves both time and money. A complete comprehension is made possible by providing background information on the founding, existing supervising bodies, their role, and the demonstration, i.e. defending the licence system.
Keywords: Pharmaceutical business, World Trade Organization, TRIPS, and Intellectual Property
