News Formal

The importance of protecting IP in pharmaceutical industry

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Malaysia News News

SPONSORED | In SA, procurement regulations need to be formulated to support local production and incentivise it, as investment can be lost with restrictive conditions, said a speaker during a recent BD Dialogue. ArenaEventsZA

At a recent Business Day Dialogue, in partnership with Ipasa, industry experts said IP protection incentivises researchers to share information, which facilitates the development of new drugsInventors, designers, developers and authors can protect their ideas to prevent others from wrongly profiting from their inventions.

SA was the first country in the world to grant a patent to an artificial intelligence invention, causing global controversy as AI is regarded as a “black box”. Such administrative and technical considerations should be weighed carefully to establish whether the three principles of registering a patent, namely novelty, inventiveness, and utility, have been met or not. In the age of the fourth industrial revolution, robust debates are needed on this type of development.

He called for meaningful engagement between innovators and investors to secure mutually beneficial partnerships.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is infrastructure investment still the saving grace for SA's economy?SPONSORED | A recent Business Day Dialogue, in partnership with AfriSam, discussed infrastructure’s potential to rebuild the economy and the challenges faced by construction companies AfriSam There is nothing new with that. Ever heard of a bid specification committee
Source: BDliveSA - 🏆 12. / 63 Read more »

The importance of protecting IP in pharmaceutical industrySPONSORED | At a recent Business Day Dialogue, in partnership with Ipasa, industry experts said IP protection incentivises researchers to share information, which facilitates the development of new drugs
Source: BDliveSA - 🏆 12. / 63 Read more »

Sponsored Content: Pernod Ricard raises the spirits of local Artisans with R29.7 million investmentThis festive season, Pernod Ricard, the world-second largest spirits producer, is investing R29.7 million into local economies around Gauteng as part of the second year of its popular gifting campaign Phakamisa iSpirit. Started in 2022 with an investment of R38 million, the campaign seeks to develop the skills of local furniture makers and help them start businesses.
Source: dailymaverick - 🏆 3. / 84 Read more »