Patents

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FierceBiotech  Aug 18  Comment 
CRISPR patent battle heats up as new email disputes Zhang’s claims badams Thu, 08/18/2016 - 06:44
New York Times  Aug 17  Comment 
A cheaper version of Johnson & Johnson's top-selling drug, Remicade, could be available in the United States two years early.
Biomass Magazine  Aug 11  Comment 
American Science and Technology, an emerging technology company, has been awarded a patent for a system and method for the extraction of chemicals from lignocellulosic biomass that reduces the cost of Organosolv processing.
Forbes  Aug 9  Comment 
Amid speculation, anonymous tips and cryptic, noncommittal comments from Apple CEO Tim Cook about plans to eventually enter the automotive business, the company has received what may be its first vehicle-related patent. And it's not for a sleek,...




 
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Patents

Patent is the right to ownership,as part of an intellectual property law, where by a person / organization discovers a lesser known concept or invents something new and holds sole intellectual ownership rights to that particular idea. These are usually published / granted after a lot of research and exhaustive verification. Patents are generally registered with United States Patent and Trademark Office, an Agency Of The United States Department Of Commerce, in the United States and The Intellectual Property Office,a division of the Department for Innovation, Universities & Skills in the United Kingdom.

Technological Patents

Pharmaceutical Patents

Pharmaceutical patents protect manufacturers of prescription drugs, prohibiting others from producing a drug during the length of its patent protection. The length of these patents varies in different countries, though they are usually between 15-20 years. In the U.S., a pharmaceutical patent is valid for 20 years. Drug companies usually apply for patent protection before they actually begin producing the drug, opting instead to secure their rights to a particular compound at the beginning of the testing process. By the time a drug comes to market, there may only be 8-10 years of patent protection remaining, which is significantly less than the 20 offered by the patent. Companies often attempt to extend these patents by making slight reformulations of the original compound or proving its effectiveness at treating a condition other than the one for which it was originally granted a patent. This is referred to as "evergreening", a practice which many criticize.

For further information on the process of obtaining pharmaceutical patents and regulatory approval, see Clinical Trials and FDA Approval.

For more information about pharmaceutical patents in relation to generic versions of drugs, see Generic Drugs.

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