A medical patent is a legal protection against market competition that a government grants to the inventor of a unique medical item or process. A patent is a kind of intellectual property right and a key driver of significant worth for biotech organizations. Biotech organizations use patents to ensure their
Tag: Pharmaceutical
INDIA’S GROWING PHARMACEUTICAL SECTOR AND IT’S FUTURE
India is the largest manufacturer of drugs worldwide. According to IBEF, the Indian pharmaceutical sector supplies over 50% of global demand for various vaccines. The government has taken some initiatives to promote the pharmaceutical sector in India. Government hopes, for example, to create a nearly Rs 1 lakh crore fund