Patent Law in Biotechnology

Patent law in biotechnology grants inventors exclusive rights to their innovative products or processes, such as new genes, methods, or organisms, for a set period. This encourages innovation by allowing inventors to benefit financially from their discoveries. To qualify, inventions must be new, non-obvious, and useful. The law balances protecting inventors with public access, ensuring that once patents expire, the knowledge becomes freely available. Overall, biotech patents foster research, development, and commercialization while promoting progress in healthcare, agriculture, and science.