New Dimensions of Bio Tech Patents
This research paper deals with the birth of patents and traces the nature of biotech patents. The idea of issuing monopoly to an invention is not a novel concept. Patent law has a rich and extensive history that began as early as 500 BCE, where chefs in Sybaris had the opportunity to enjoy a year of monopolized profit for a unique dish that they had created . Although, the earliest origins of patents are ancient and obscure, growing populations, rising disposable incomes and progressive urbanization across the world have spurred rapid growth in the research of biotechnological inventions. Right from the Chakrabarthy to Chimeras, the research and development in biotechnology has crossed the ocean. An attempt has been made in this paper to discuss the history of patents and the concept of growing nature of biotech patents
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