Identify the intellectual property implications

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Six months ago, Acme, Inc. received a patent on a drug that will cure cancer. Acme’s president has publicly stated he has no plans to market the drug. Beta, Inc. copies the drug and releases it on the market. Beta makes no profit on the sale of this drug and only charges enough to cover its costs in manufacturing. Identify the intellectual property implications in this scenario.

Reference no: EM131441177

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