Intellectual property (IP) rights are economically necessary to provide private actors the incentive to create and commercialize inventions. IP is particularly important for human therapeutics, where the temporary monopoly of a patent is essential for raising the money needed to complete clinical trials. This course reviews the nature and limitations of the various forms of IP and how firms leverage such IP to obtain competitive advantage and improved profitability.
Celebrating 25 years of innovation! 25.kgi.edu.