The most critical among the many valuable tools that help in the furtherance of medical science and healthcare are the biochemical and pharmaceutical patents. Patents help to protect the fruits of creativity in form of new drugs, treatments and biotechnological processes by providing exclusive rights to the inventor for a certain period of time. The major role of such patents is to offer companies and researchers enough encouragement to continue investing in research and development for maximum safety and security of their intellectual property. The complete application involves proving newness, usefulness and non-obviousness to the invention and at approval, the patent office grants that patent after a proper inquiry. Major changes in the pharmaceutical and biotech field have been witnessed in particularly personalized and biologics that are heading towards a future where changes may be positive or negative for existing treatments of diseases. Indeed, in-silico models and assays have revised the aspects with innovative plants that can only make modest contribution to bio- and pharma-product development.
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