Mon Jul 6, 2020 07:46 PM
Tests, Discoveries and More Focused Research About the Benefits of Psychedelics as a Treatment for Mental Health as Well as Some Physical Ailments Have Created a Sort of Second Wave of Business Development In the Model of Startups Looking to Grow, Those Discoveries, That Intellectual Property, Can Make or Break a Company Depending on your philosophical outlook about what the psychedelics industry is supposed to do, a patent could be critical to making a business profitableor it could become a roadblock to true success for everyone. According to the United States Patent and Trademark Office (USPTO), the term of a new patent is 20 years from the date on which the application for the patent was filed in the United States. The right conferred by the patent grant is the right to exclude others from making, using, offering for sale, or selling the invention in the United States or importing the invention into the United States. Once a patent is issued, the USPTO rules state, a patentee must enforce the patent without the aid of the USPTO. Though this is a relatively new industry, patents for psychedelics have been around for years. For example, LSD (U.S. Patent No. 2,810,723, Lysergic [&]
ADVERTISEMENT: Copy your Facebook videos into your WordPress blog