Overview
Biotechnology is a rapidly evolving field that harnesses biological systems to create innovative products and solutions. Intellectual property plays a crucial role in this sector by protecting the rights of inventors and encouraging further research and development. Understanding the intersection of...
Key Terms
Example: Genetic engineering is a form of biotechnology.
Example: Patents, copyrights, and trademarks are types of intellectual property.
Example: A biotech company may patent a new drug formula.
Example: A recipe for a unique biotech product can be a trade secret.
Example: Creating genetically modified crops.
Example: FDA regulations for new drugs.