Patents are essential when you have a new invention.
I will explain what a patent is as it relates to drug discovery in this article:
A patent is a form of intellectual property that functions as a means to safeguard your invention against commercial manufacturing, usage, distribution, importation, and sale by others.
What can be patented in the field of medicine?
In medicine, you can obtain patents for various aspects, including products/compositions, formulations, dosage regimens (specifying the frequency and amount of drug administration), medical devices, and processes.
What qualities render something patentable?
Novelty: The subject of your patent must be entirely new and previously unseen.
Inventiveness: Your patent must introduce a concept or idea that no one has previously conceived.
Industrial Applicability: It should be feasible to produce the patented invention on a large scale.
It's important to note that when intending to patent a project or invention, you are not permitted to discuss or disclose its details to anyone who has not signed a confidentiality agreement. Failure to do so may jeopardize your ability to obtain a patent. Additionally, acquiring and maintaining patents incurs significant costs, including annual payments, to ensure their continued validity and protection.
Thanks for reading the last part of my beginner intro to drug discovery article.
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