The role of Intellectual Property Rights (IPR) is very effective in pharmaceutical and biotechnology industries. In pharmaceutical industry regarding health sector it clearly defines the market price of the drugs whereas during recession most company owners were spent their money to build the R&D and also they strengthened the IPR cells. It also clearly defines the patent, patent term restoration and the change of laws which are recently adopted by other countries. Moreover it covers ever greening of patents and drug cost factor. The relation between General Agreement on Tariffs and Trade (GATT) and IPR is established. In biotechnology, IPR states the profit of biotechnology industries through intellectual property protection whereas the new trends implies in the field of biotechnology is covered. The patenting process of biotechnology is a controversial aspect through IPR. A solution was appeared and also it helped to survive biotechnology industries in India and in world.