Patenting the innovation and regulatory considerations

Abstract

Bringing a medical product in the market is far more complicated compared to any other product due to its sensitivity and direct implication to human life. On one hand, legal protection in the form of patent may be needed and on the other hand the approval to manufacture and sell product should be obtained. In this article, we will discuss the role of Intellectual Property Rights in protecting innovations as well as regulatory requirements, specifically in case of medical products.