Biotech Patents

Biotech patents protect inventions in the field of biology and technology, such as new drugs, genetic modifications, and medical devices. These patents grant inventors exclusive rights to their innovations for a certain period, typically 20 years, preventing others from using or selling the invention without permission. This encourages research and development by allowing companies to recoup their investment. However, biotech patents can spark debates about ethics and access, especially when they involve natural organisms or essential medicines. Ultimately, these patents aim to balance innovation with public interest in health and safety.