What is the role of patent law in the context of biomedical research?

Patent law plays an important role in the context of biomedical research in Nebraska and throughout the United States. Patent law creates a way for inventors to protect their intellectual property. Inventors who develop biomedical discoveries can apply for a patent from the United States Patent and Trademark Office. With a patent, inventors receive exclusive rights to their inventions. This means that no one else can make, use, or sell the invention without the permission of the patent holder. Patent law incentivizes biomedical research by protecting the investments of inventors. Inventors can use their exclusive rights to benefit financially from their inventions, either by licensing or selling them. Patent protection can also give inventors the financial support they need to continue their research. Patents can also be used to promote public access to new biomedical discoveries. Researchers, universities, or companies can be required to make the patented discoveries publically available, ensuring that the world can benefit from the inventions. With these protections, inventors can be sure that their hard work will be rewarded and new biomedical discoveries can be shared with the world.

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