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Ethical and Legal Considerations

Annette Flanagin

Patent law protects invention and technology. A patent is a grant of property right by the government to protect a newly created idea on the basis of its technical and legal merit. In biomedicine, patents are commonly applied for and approved for new products, such as pharmaceuticals, reagents, assays, devices, and equipment and less commonly for procedures and methods. Patent law is intended to encourage discovery and investment in research of new technology by rewarding an inventor with a monopoly on the right to market the new product for a specified period. This law restricts other parties from manufacturing, selling,

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