Biotech Patent Law

Biotech patent law focuses on protecting inventions related to biological processes, organisms, and products, particularly in the pharmaceutical industry. It allows companies to secure exclusive rights to their innovations, such as new drugs or therapies, for a limited time. This encourages investment in research and development by ensuring that inventors can benefit financially from their work. However, biotech patents must meet specific criteria, including novelty and usefulness, and they must not encompass natural processes or products that exist in nature without human intervention. Balancing innovation with public access to medical advancements is a key challenge in this field.