What Are Biotechnology Intellectual Property Rights?

The legal ownership of an interest in a patent, trademark, or trade secret in biotechnology is known as intellectual property rights. This implies that unless the business designated as the official owner gives permission, another company cannot use such assets. Intellectual property rights in health care provide their owners exclusive use of medications, brand names, and other items. In many cases, particularly in biotech, intellectual property rights are the major source of wealth for these businesses.