Biotechnology Basics Quiz

False (B)

To develop products and/or services beneficial to human welfare.

<p>thinking</p> Signup and view all the answers

<p>White biotechnology = Industrial processes using enzymes Green biotechnology = Agricultural applications Blue biotechnology = Marine and aquatic applications Red biotechnology = Medical applications</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>OECD</p> Signup and view all the answers

<p>$500 million (D)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Phase I, Phase II, Phase III</p> Signup and view all the answers

<p>Novel Food</p> Signup and view all the answers

<p>FDA = Drugs EMA = Drugs EU Novel Food Regulation = Foods National Competent Food Authority = Food safety assessments</p> Signup and view all the answers

<p>Laboratory and Animal Models (D)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>FDA and EMA</p> Signup and view all the answers

<p>Creations of the mind and intellect (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Patent</p> Signup and view all the answers

<p>intangible</p> Signup and view all the answers

<p>Trademark = Logos Copyright = Literary works Patent = Technical inventions Sui Generis Law = Cultivars</p> Signup and view all the answers

<p>The invention must have novelty (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>To protect creators' rights and prevent unauthorized use of their work.</p> Signup and view all the answers

<p>Patent</p> Signup and view all the answers

<p>To provide legal protection for original creations (D)</p> Signup and view all the answers

<p>1980 (D)</p> Signup and view all the answers

<p>Human insulin (C)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>Environmentally friendly solutions and crop adaptation.</p> Signup and view all the answers

<p>White (A)</p> Signup and view all the answers

<p>2009</p> Signup and view all the answers

<p>Green = Agricultural processes White = Industrial processes Blue = Marine resources Red = Human health</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Angel investors and venture capital</p> Signup and view all the answers

<p>Ongoing product revenues (B)</p> Signup and view all the answers

<p>university</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>They must report the failures.</p> Signup and view all the answers

<p>Crop adaptation (D)</p> Signup and view all the answers

<p>Angel Investors = Early-stage investment from wealthy individuals Seed Investors = Initial funding to start a business Venture Capital = Investment from firms in exchange for equity Friends and Family = Support from personal networks</p> Signup and view all the answers

<p>pharmaceutical</p> Signup and view all the answers

<p>A new scientific theory (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>An invention that utilizes the discovery to create something useful.</p> Signup and view all the answers

<p>fireproof safe</p> Signup and view all the answers

<p>Scientific theories = Not patentable Discoveries = Not patentable Improved understanding of processes = Potentially patentable when involving a practical invention Computer programs without attributes = Not patentable</p> Signup and view all the answers

<p>A process to extract a previously undiscovered material can be patented. (C)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>A practical invention or application.</p> Signup and view all the answers

<p>Diagnostic methods (B), Surgical treatment methods (C)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>technical character, novelty, inventive step, industrial application</p> Signup and view all the answers

<p>patented</p> Signup and view all the answers

<p>Discovery of lightning = Explanation of mold contamination inhibiting bacterial growth Invention of an apparatus = Isolation of a fungus and its growth medium Treatment by surgery = A physical intervention requiring medical skills</p> Signup and view all the answers

<p>USPTO (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Isolated antibiotics</p> Signup and view all the answers

The application of science and technology to living organisms, parts, products, and models to change living or non-living materials for knowledge, goods, and services production.

A multidisciplinary field combining concepts and methods from various scientific areas to make useful products or services.

Greek word meaning "life"

Greek word meaning "technology"

Greek word meaning "thinking"

Organisation for Economic Co-operation and Development

A module/lesson focused on business models & customer feedback

A module/lesson focused on financial analysis

The initial public offering of a biotechnology company's stock on a stock exchange.

A medicine produced through genetic engineering techniques, in this case, to treat diabetes.

Swiss pharmaceutical company Roche bought Genentech in 2009 for $46.8 billion.

Biotechnology applied to agriculture, focusing on environmentally friendly solutions, genetic engineering, and climate change mitigation.

Biotechnology used in industrial processes, employing enzymes and microorganisms to create products using biomass.

Biotechnology focused on extracting and using resources from the ocean for numerous applications (food, medicine, etc.).

Companies in the biotechnology industry face unique challenges compared to large pharmaceutical companies, often lacking the safety net of continuous product revenue.

Investing in biotech companies involves high risk but also high potential rewards. Success hinges on creating products with strong revenue streams.

Biotech companies can be formed in various ways, including by independent scientists commercializing technology or as spin-offs from established institutions.

Companies created from the technology of an existing institution or company.

Essential components of a successful business plan, encompassing market analysis, financial projections, management acumen (team), and strategic aspects like market strategy and financial estimates.

Early-stage biotech funding often relies on 'friends, family, or fools' initially, later progressing to angel investors, seed capital, and venture capital.

Biotech investors often focus on the product development process to assess risks in potential biotech products.

It takes approximately 15 years to bring a new drug to market, from discovery to FDA approval.

The average cost of developing a single new drug is $500 million.

The Food and Drug Administration (FDA) regulates the safety and efficacy of drugs in the US by overseeing clinical trials and approving new drugs.

Clinical trials involve humans and have three phases: Phase I (safety), Phase II (safety and efficacy), and Phase III (expanded trials).

The EU's Novel Food Regulation sets rules for authorizing new food products and ingredients, requiring safety assessment before market entry.

Foods with similar composition, nutritional value, metabolism, intended use, and level of undesirables can follow a simplified approval process.

Besides pharmaceuticals, other industries with strict regulations include cosmetics, medical devices, and chemicals.

Pharmacoeconomics studies the costs and benefits of pharmaceutical products and services.

Pre-clinical trials test potential drug safety on animals and cell cultures before human trials can start.

The legal protection of original creations of the mind, such as inventions, literary works, and symbols used commercially.

An international organization responsible for administering intellectual property treaties and promoting global intellectual property protection.

Assets that have value but are not physical, like inventions or designs.

Legal protection for inventions, trademarks, industrial designs, and geographical indications.

Legal protection for original works of authorship, including literary, artistic, musical, and dramatic works.

Exclusive rights granted for an invention, allowing the patent holder to exclude others from making, using, or selling the invention.

For an invention to be patentable, it must be novel, have inventive activity, and be industrially applicable.

The invention must be new and not previously disclosed to the public.

The invention must not be obvious to a person skilled in the relevant field.

The invention must be capable of being produced and used in some industrial activity.

An invention is patentable if it is new, involves an inventive step, and is industrially applicable. It must be more than just a scientific theory, discovery, or mathematical method.

Examples of things that are not patentable include scientific theories, discoveries, mathematical methods, presentations, aesthetic creations, and purely intellectual ideas.

While a discovery itself is not patentable, an invention based on a discovery can be patented. For example, a new material discovered in nature is not patentable, but a process to isolate or extract it or the isolated material itself is.

Even if a theory on how an existing process works is not patentable, improvements based on that understanding can be patentable.

An invention must have industrial applicability to be patentable. It means the invention can be manufactured and used in some industrial or commercial context.

Abstract and purely intellectual ideas, like philosophical concepts, are not patentable. Patentability requires a concrete technical solution or application.

The EPC is an international agreement that establishes a common set of rules for obtaining patents in Europe. It defines what is and is not patentable.

This article of the EPC lists categories of inventions that are not patentable, including scientific theories, discoveries, and mathematical methods.

Inventions that are eligible for patent protection, meeting criteria like novelty, inventive step, and industrial applicability.

Discoveries, natural phenomena, mathematical methods, and certain therapeutic methods are not patentable, as they lack the required inventive aspect.

An invention must have a technical feature or solve a technical problem to be patentable. It can't be just an abstract idea or concept.

The invention must not be obvious to a person skilled in the relevant field. It should offer a non-obvious and inventive solution.

Methods used to treat diseases or diagnose conditions in humans or animals are generally not patentable, except for the specific products or compositions used.

Patent applications typically require drawings or diagrams to illustrate the invention and its features.

Online resources like the European Patent Office, USPTO, and WIPO provide access to patent information, allowing searching and retrieval of patent documents.