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BIOTECHNOLOGY AND PATENT LAW

While it is generally recognized and admitted that new products and technologies being developed—including improved seeds, new vaccines, novel food ingredients, and several bio-processing technologies—could contribute to the economic and social development, it is also recognized and admitted that developed countries have increasingly privatized biotechnology research and development. While private sector multinational corporations (MNCs) continue to forge ahead in researching new technologies, they will naturally try to capitalise on the fruits of their research by patenting their discoveries and trying to capture markets for their newly acquired techniques and products. The patent system provides a legal means ...

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