A Review of Patent Regimes on Health Biotechnology Innovation in India

Patents can significantly contribute to technical advancement and improved economic performance. Patents can be used to protect both innovations and scientific research produced by businesses and research institutions. There is a close relationship among contemporary developments in patent systems, the economy, and technical innovation processes. New waves of innovation have been created by scientific and technical advancements, notably in the biotechnology industry, which has evolved to be more dependent on interactions across global networks of actors in the public and commercial sectors and less focused on specific businesses. The scope of the subject matter that is patentable has expanded as a result of changes to the legal and regulatory framework of patent regimes, and patents have become more substantial and valuable. One of the things that influence how easy it is for people in underdeveloped nations to get medications is the worldwide Intellectual Property (IP) system. Taking into account that India is an example of a growing country with creative technology, one of the rapidly developing fields of expertise in the health industry is biotechnology innovation. This study will examine how India's patent rules have influenced the growth of health biotechnology.