About Commercialization of traditional medicines

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Title Commercialization of traditional medicines
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Bioprospecting is an umbrella term describing the discovery of new and useful biological mechanisms, either with or without the help of indigenous knowledge, and with or without compensation. In this way, bioprospecting includes biopiracy and also includes the search for previously unknown compounds in organisms that have never been used in traditional medicine. Biopiracy is a situation where indigenous knowledge of nature is exploited for commercial gain with no compensation to the indigenous people themselves. Detractors of utilization of natural knowledge such as Greenpeace claim these practices contribute to inequality between developing countries rich in biodiversity, and developed countries hosting companies which engage in biopiracy. The rosy periwinkle case dates from the 1950s. The rosy periwinkle, while native to Madagascar, had been widely introduced into other tropical countries around the world well before the discovery of vincristine. This meant that researchers could...
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