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Abstract

A STUDY TO REVIEW THE IMPORTANCE OF INTELLECTUAL PROPERTY RIGHTS IN CLINICAL RESEARCH

Rajesh Kumar*, Krishan Pal, Anju Pal

ABSTRACT

This article describes the modern world growth and importance of intellectual property rights given to pharmaceutical organization in the field of clinical research. Clinical trials cost (an average of $2.6 billion) is well known and success rate is very low. Approximately 5 to 10 thousands experimental molecules considered every time, only five in 5,000, or 10%, of the drugs that begin preclinical testing ever make it to human testing. Typically, only one will gain Food and Drug Administration (FDA) approval for human usage, after an average of 10-15 years of research and development process. Drug research and development leads to the discovery of tomorrow’s life-changing and life-saving new medicines. Clinical Research intellectual property (IP) protections, such as patents and data protection, provide the incentives that spur research and development. They help ensure that the innovative clinical research companies that have invested in life-saving medicines have an opportunity to justify their investments. Intellectual property protections also help companies secure the resources for future investments in research, giving hope to patients who await tomorrow’s innovative medicines. Intellectual property policies play key necessary role to support future R&D investment. These policies provide incentives that spur biopharmaceutical innovation, leading to new treatments and eventually generics and biosimilar drugs. Intellectual property rights are one of the most important aspects of clinical research.[1-10]

Keywords: Intellectual property right, Clinical research, Drug, Patents.


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