What Is a Medical Patent?

Business & Management
#1

A medical patent is government-issued legal protection for the creator of a one-of-a-kind physical object or procedure having a medicinal function. For a short period of time, a medical patent, like other types of patents, bans rivals from manufacturing, using, or selling the patented object or method.

#2

A medical patent refers to an exclusive government-granted right that protects an inventor of a unique medical product, process, or technology against market competition. It prevents the patented invention from being produced, sold, or used by competitors for a limited time.

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