What are the legal restrictions on commercial exploitation of biomedical research?
In Georgia, the legal restrictions on commercial exploitation of biomedical research are meant to protect the interests of citizens. Under the Georgia Biotechnology and Medical Research Act, it is illegal for companies to exploit the biological or medical research for commercial gain without the express consent of all parties involved. Companies must obtain written consent from the party who created or funded the research, as well as from the institution or company that owns intellectual property rights associated with the work. It is also illegal for a company to use the research in any way that would harm the public health or safety, such as releasing hazardous substances or creating a medical device or product with inadequate safety testing. Companies are responsible for conducting their own research to ensure that any products they create or services they offer are safe for the public. A company cannot use any research that has not been adequately tested or peer-reviewed. In addition, all profits made from commercial exploitation of biomedical research must be shared proportionately between those involved in the research. This includes the scientists, institutions, and companies that either created or funded it. Finally, companies must be transparent about their methods, including how they acquired and used the research for commercial gain.
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