"Intellectual Property Rights in Pharmaceutical Industry: Theory and Practice" is an exclusive book shedding light on the fundamental concepts of intellectual property protection, with a special emphasis on pharmaceuticals. The book explores how the importance of intellectual property rights has grown in the last few decades, especially in India, after signing the World Trade Organisation agreement. The book explains how the Indian government has made necessary amendments in the intellectual property laws, built infrastructure, and even introduced topics related to intellectual property rights in the academic curriculum. The book dives deeply into the Indian patent system, with case studies from US and Indian courts serving as examples, to provide a better understanding of the system. The third edition is a result of the major administrative changes observed in the Indian government in recent years. This book is aimed at students, industry professionals, scientists, regulators, and policymakers interested in the pharmaceutical industry. This book serves as a valuable resource for B. Pharm, Pharm D, M. Pharm, and Ph.D. level students, along with other science educational programs in all the Universities of India. On reading this book, the pharmaceutical community will gain a better understanding of the intellectual property protection system, leading to an orientation of research development to ensure intellectual property protection.