HomeNewsNewsWeakening of intellectual property rights threatens Maryland’s innovation economy

Weakening of intellectual property rights threatens Maryland’s innovation economy

Maryland life sciences and biotechnology companies have been at the forefront of the state’s public health response and economic recovery from the COVID-19 pandemic. However, lawmakers are considering policies that weaken the very backbone of Maryland’s robust innovation economy at a time where protecting this industry had never been more critical. Without the necessary policies and protections in place, essential innovation and research, such as COVID-19 clinical trials and cybersecurity development taking place right here in Maryland, could be forced to come to a screeching halt.

Intellectual property (IP) is a critical asset for innovation, research, and development across sectors. IP rights, including copyrights and patents, help defend original works and new inventions, ensuring that a company’s product is distinguishable from others.

Maryland is a hub for growth and innovation across numerous sectors and home to over…

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