Geographical Biodiversity Development High Impact Factor Journals
Bioprospecting is the development of traditional medicines as commercial products. Pharmaceutical companies from the developed world often look for chemically active ingredients in traditional remedies, which they can develop into commercial pharmaceutical products. This is fiercely criticised as ‘biopiracy’ by those who believe it exploits indigenous knowledge. They point to the fact that companies may attempt to take out on a medicine derived from a traditional cure without recognising the original users. Others argue the huge investment in research and development by pharmaceutical companies gives them this right. Recent cases have seen agreements between traditional users of a medicine and pharmaceutical companies.
Last Updated on: Nov 26, 2024