Skip to main content

Patent Law

Meaning

Patent Law, in the context of the pharmaceutical and wellness space, is a form of intellectual property that grants an exclusive right to an inventor for a limited time to prevent others from making, using, or selling a specific invention. For novel drugs, formulations, or methods of treatment, a patent provides a temporary monopoly. This legal protection is fundamentally important as it allows companies to secure their innovations, ensuring they can recoup the substantial financial investment required for high-risk research and development.