Patent Pledges for Access to Medicine: Need of the Hour
Patent Law gives an exclusive right to the Patent holder to exploit his Patent and thereby create his monopoly. But over a period of time, it has been seen that this monopoly given to the Patent holder interferes with the accessibility to medicine. Though there is an inbuilt Patent law mechanism that helps to strike a balance between public and patent rights, there are a few emerging concepts that are within the rights of the Patent holder and can contribute significantly in providing Access to medicine. One such concept is of Patent pledge that can be of much use. This article aims to outline the concept of Patent pledges. It also elaborates the contribution of different forms of tools like Patent pledges and Patent pool, within the rights of Patent holders in the fight against COVID-19.