What Challenges Exist in Patenting Medical Devices for Cancer?
Despite the benefits, several challenges exist in patenting medical devices for cancer: 1. Regulatory Hurdles: The process of obtaining regulatory approval from bodies like the FDA can be lengthy and complex, delaying market entry. 2. High Costs: Research, development, and clinical trials require substantial financial investment, which can be prohibitive for smaller companies. 3. Intellectual Property (IP) Disputes: Overlapping patents and IP disputes can lead to legal battles, hindering innovation and access to new technologies.
