Brazil Approves Accession to the Budapest Treaty on Patents for Microorganisms
On Wednesday (27), the Chamber of Deputies approved Brazil’s accession to the Budapest Treaty, which internationally recognizes the deposit of microorganisms for patent applications. The measure, provided for in Legislative Decree Project (PDL) 466/22, now awaits analysis by the Senate.
Key points about the Budapest Treaty and the impact of accession
- Simplification of international processes: deposits of microorganisms made at any International Depositary Authority (IDA) will be valid in all signatory countries.
- Reduced costs for inventors: accession eliminates the need for multiple deposits, facilitating the protection of international patents.
- Strengthening of infrastructure in Brazil: Brazilian institutions may be recognized as IDAs, allowing deposits in the country itself.
- Advances in the biotechnology sector: the treaty ensures greater legal certainty and competitiveness for patents involving biological materials, promoting the development of innovative technologies.
Prepare for new intellectual property protection scenarios
By joining the Budapest Treaty, Brazil aligns itself with international best practices in biotechnology patents. Is your company ready to take advantage of this new scenario?