Pharma Companies Extent Patent Life With Slight Modifications

Introduction

Pharmaceutical industry is one of the most potential industry which has huge profit margins. Extensive growth and knowledge is required with frequent changes for better technology and results. Starting from early to the final stage there are gigantic chances of the product's to face success or failure. Apart from these challenges, a large amount is invested to launch product in the market. In this entire process starting from drug designing to manufacturing, IPR plays an vital role. Intellectual Property Rights today are the most strategic and powerful asset of all large and Multinational Companies throughout the world, providing continued global market, economic dominance and profitability. Multinational companies decide mergers and acquisitions on the basis of Intellectual Property Assets. All companies irrespective of their size get their technology Patented/Registered which makes their assets safe for trading license, joint R&D/Production ventures,