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Chapter 9 Intellectual property and data privacy in the pharmaceutical sector

  • Rishabha Malviya , Shristy Verma , Sonali Sundram und Harshil Shah
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Abstract

In the pharmaceutical sector, data privacy is essential to providing quality care. However, protecting large volumes of data has proven to be a difficult mandate, and the healthcare sector is still vulnerable to data breaches that make headlines. Intellectual property rights (IPR) are crucial to the pharmaceutical industry because they allow inventors to legally maintain the confidentiality of their inventions for a predetermined amount of time. The exclusive rights that inventors and creators have to make money off their inventions are known as intellectual property rights or IPRs. These rights are protected under various laws, including patents, copyrights, and trademarks. The chapter also discusses how blockchain technology can be used to manage IPRs and improve patient privacy. It highlights the challenges of data privacy in the pharmaceutical industry, including cybersecurity risks and compliance with data protection laws. In the intricate pharmaceutical supply chain, cooperation between distributors, manufacturers, and other stakeholders is essential for safeguarding data privacy. Overall, the chapter emphasizes the necessity of a balanced approach to data privacy and intellectual property, as well as the intricate and regulated nature of the pharmaceutical industry. It suggests that addressing unfair practices and promoting innovation can contribute to the welfare of consumers and the advancement of society.

Abstract

In the pharmaceutical sector, data privacy is essential to providing quality care. However, protecting large volumes of data has proven to be a difficult mandate, and the healthcare sector is still vulnerable to data breaches that make headlines. Intellectual property rights (IPR) are crucial to the pharmaceutical industry because they allow inventors to legally maintain the confidentiality of their inventions for a predetermined amount of time. The exclusive rights that inventors and creators have to make money off their inventions are known as intellectual property rights or IPRs. These rights are protected under various laws, including patents, copyrights, and trademarks. The chapter also discusses how blockchain technology can be used to manage IPRs and improve patient privacy. It highlights the challenges of data privacy in the pharmaceutical industry, including cybersecurity risks and compliance with data protection laws. In the intricate pharmaceutical supply chain, cooperation between distributors, manufacturers, and other stakeholders is essential for safeguarding data privacy. Overall, the chapter emphasizes the necessity of a balanced approach to data privacy and intellectual property, as well as the intricate and regulated nature of the pharmaceutical industry. It suggests that addressing unfair practices and promoting innovation can contribute to the welfare of consumers and the advancement of society.

Heruntergeladen am 23.12.2025 von https://www.degruyterbrill.com/document/doi/10.1515/9783111574288-009/html?lang=de
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