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Essay / Research Paper Abstract
This 4 page paper discusses the ways in which a manager can protect intellectual property rights in the pharmaceutical industry, both from infringement from the outside and from within, by his employees. Bibliography lists 4 sources.
Page Count:
4 pages (~225 words per page)
File: KV32_HVphmpat.rtf
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Unformatted sample text from the term paper:
in the world. This means that guarding discoveries as well as avoiding infringing on others work, is very important here. This paper discusses what managers can do to avoid infringing
on other companies intellectual property as well as protecting their own. Discussion First we turn to those actions a manager can take to protect a companys intellectual property rights and
why its important to do so. The U.S. "research-intensive pharmaceutical industry is the most successful and competitive industry in the world and one of the crown jewels of the countrys
industrial base" (Mossinghoff and Bombelles, 1996). One of the reasons for its success is that it is heavily committed to research and development, and this focus has led to an
array of "advanced biomedical therapies" (Mossinghoff and Bombelles, 1996). Because of this, the protection of intellectual property is "a cornerstone of the industrys existence" (Mossinghoff and Bombelles, 1996). As in
the video, recording and computer software industries, most of the costs are "incurred in the development stage, rendering unauthorized copying both easy and profitable," which is why protection is so
important (Mossinghoff and Bombelles, 1996). There are various types of protection available, including patents, protections for generic drugs, and trade secrets (Stuart). Patents cover such things as chemicals, "pharmaceutical
formulations, methods of making chemicals and methods of treating patients with chemicals or formulations" (Stuart). This covers not only the chemicals but the way they are compounded and used, which
makes this type of protection very important. Companies that manufacture generic versions of brand-name drugs may also take advantage of patent protection, as long as their product "avoids infringing on
an innovators patent or improves upon a branded product" (Stuart). In such cases, the generic can be patented and may be used "to keep other generics off the market" (Stuart).
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