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Ignoring our traditional knowledge can p...

Ignoring our traditional knowledge can prove costly in the area of biological patenting. Justify.

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Traditional knowledge about bio-resources includes the use of products from plants and their parts in medicines and other purposes. For example, turmeric, neem, ginger, etc. have been used by our ancestors as traditional herbal medicines. This knowledge if exploited and utilised to develop modern applications can save time, efforts and expenditure occurring during research and their commercial exploitation.
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