PROTECTING BIOTECH INVENTIONS: ARE WE READY?

Namrata Solanki

No 2014-06-09, Working papers from Voice of Research

Abstract: Biotechnology has been used in agriculture, food production and medicine since the dawn of our civilization. Biotechnology is a popular term for the generic technology of the 21st century. With the advancement in science and research, modern biotechnological inventions have brought a revolution in our lives. These inventions are protected under the Patent Law. The World Trade Organization’s TRIPS agreement sets down the minimum standards for intellectual property regulation for its member countries. India being one of the members of WTO has fulfilled the TRIPS commitments by amending the patent regime, the latest of which is the amendment of 2005. India has a large pool of scientific talent, world-class information-technology industry, and vibrant pharmaceutical sector. India has a rich human capital, which is the strongest asset for the knowledge based industry. India is also well positioned to emerge as a significant player in the global biotech arena. Though the Indian Patents Law has been very successful in promoting the progress of science but still the patent system is not as stronger as it is in other developed countries. So far as biotechnology is concerned there are no internationally accepted guidelines for the grant of patents and wide range of opinions exists regarding patenting of biotechnological inventions. The protection afforded to these inventions is sensitive and complex and has given rise to several technical and ethical issues. The general aim of this paper is to canvass those issues in the Indian context. Key words: biotechnology, invention, patents

Date: 2014-06
New Economics Papers: this item is included in nep-agr
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