Intellectual Property

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BIO's Lila Feisee discusses the importance of intellectual property, explaining that patents insure an inventor exclusive rights.  And that for biotech companies they are their most valuable and sometimes their only asset. Feisee tells BIOtech Now that it can 10 to 15 years to develop at biotech product and cost tens to hundreds of millions of dollars.  Patents, she says, assure investors that there will be opportunity to recoup that investment. To learn more about what BIO's doing with intellectual property internationally and at the BIO International Convention, tune in. Download or listen to the podcast now.