Intellectual Property (IP) is the bedrock on which the development of new treatments and cures is built. IP is critical to improving patient care, spurring economic growth and strengthening an innovation economy. Without the protections of a strong, modern IP system, researchers may not have the ability to explore new areas of medical innovation and unearth the findings that will lead to the treatments and cures of tomorrow.
What is IP?
Intellectual Property protections are the laws that enable people and organizations to make the investments necessary to develop new technologies and to defend their proprietary inventions or products.
There are three key elements for an effective intellectual property system:
- Provide fair and effective incentives for innovation
- Provide innovators certainty regarding their rights
- Offer patent holders strong enforcement tools for defending infringed patents
Learn more about Intellectual Property at the Clinical Trials page.