What do you understand by Intellectual Property Right (IPR)? Why it is important in biotechnology? [Answer Limit: 250 words] [UKPSC 2023]
It is a genetic engineering technique, and it falls in the field of biotechnology, which is defined as the manipulation of the genome of an organism, using biotechnologies. It enables genome editing, deletion or insertion of a gene into a living organism so that the end goals desired by the scientisRead more
It is a genetic engineering technique, and it falls in the field of biotechnology, which is defined as the manipulation of the genome of an organism, using biotechnologies. It enables genome editing, deletion or insertion of a gene into a living organism so that the end goals desired by the scientists can be achieved. From medicine to agriculture to industry, this technology is going to change so many fields. In medicine, it promotes the creation of insulin and other therapeutic proteins, allowing costs for treatment of diseases such as diabetes to be lowered. In agriculture, genetically modified crops are more resistant to disease and pest infestation, potentially increasing yield and decreasing the amount of chemicals needed. On an industrial scale, it is also utilized in biofuel and biodegradable plastic production, promoting sustainability in that way as well. Gene editing comes with many advantages; however, you must understand that it carries ethical and environmental implications that must be governed appropriately (Ting et al., 2023).
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Intellectual Property Rights are the exclusive rights granted to creators of intellectual property, including literary, artistic, and scientific works, inventions, and innovations. These rights enable creators to control the use, reproduction, distribution, and adaptation of their works. Role of IntRead more
Intellectual Property Rights are the exclusive rights granted to creators of intellectual property, including literary, artistic, and scientific works, inventions, and innovations. These rights enable creators to control the use, reproduction, distribution, and adaptation of their works.
Role of Intellectual Property Rights in Biotechnology –
The use of Intellectual Property Rights in biotechnology plays a vital role in protecting innovations, encouraging investment, and driving industry growth .By effective IPR management biotech companies will be able to commercialize their innovations, collaboration with others, and address their global health challenges.