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Intellectual property rights and laws in India: A study in the context of pharmaceutical products

By: Javed, Salim and Khan, Majid Mahboob.
Material type: materialTypeLabelBookPublisher: Bihar Journal of Public Administration Description: 19(1), Jan-Jun, 2022: p.91-102.Subject(s): IPR (Intellectual property rights), Patent La In: Bihar Journal of Public AdministrationSummary: In this age of knowledge economy, the intellectual property rights need to be protected, particularly in the developing countries like India. We live in the era of knowledge economy, where ideas generated by talented people and the inventions, they make are the new currency. Research and innovation are now seen as the key differentiating factors determining the market value of a product or service. The emphasis today has graduated from cost arbitrage and quality deliverables to Intellectual Property creation and R&D. The concept of Intellectual Property treats intangible products in the same way as physical things. Intellectual Property rights and their protection is a major issue heralded nowadays in the scientific arena. The greater attention and importance given to it is due to the projected idea that IPR is a dependable way by which greater skill and knowledge can be harvested to serve as a reliable resource for uplifting economy. Intellectual Property protects applications of ideas and information that are of commercial value. The subject is growing in importance, to the advanced industrial countries in particular. One characteristic shared by all types of IPR is that they are essentially negative: they are rights to stop others doing certain things, in other words, to stop pirates, counterfeiters, imitators and even in some cases third parties who have independently reached the same ideas, from exploiting them without the licence of the right-owner. In this paper a modest attempt is made to highlight the issues of relevance for India that emerge from various studies on the probable impact of product patents on the pharmaceutical industry. – Reproduced
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Articles Articles Indian Institute of Public Administration
19(1), Jan-Jun, 2022: p.91-102 Available AR127868

In this age of knowledge economy, the intellectual property rights need to be protected, particularly in the developing countries like India. We live in the era of knowledge economy, where ideas generated by talented people and the inventions, they make are the new currency. Research and innovation are now seen as the key differentiating factors determining the market value of a product or service. The emphasis today has graduated from cost arbitrage and quality deliverables to Intellectual Property creation and R&D. The concept of Intellectual Property treats intangible products in the same way as physical things. Intellectual Property rights and their protection is a major issue heralded nowadays in the scientific arena. The greater attention and importance given to it is due to the projected idea that IPR is a dependable way by which greater skill and knowledge can be harvested to serve as a reliable resource for uplifting economy. Intellectual Property protects applications of ideas and information that are of commercial value. The subject is growing in importance, to the advanced industrial countries in particular. One characteristic shared by all types of IPR is that they are essentially negative: they are rights to stop others doing certain things, in other words, to stop pirates, counterfeiters, imitators and even in some cases third parties who have independently reached the same ideas, from exploiting them without the licence of the right-owner. In this paper a modest attempt is made to highlight the issues of relevance for India that emerge from various studies on the probable impact of product patents on the pharmaceutical industry. – Reproduced

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