Patents

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Forbes  1 hr ago  Comment 
This year, the United States is set to see more patent disputes than ever before. According to a report by UnifiedPatents, there were 3,499 patent litigation cases in 2011 and this is projected to hit at least 6,100 in 2015 - the highest number...
newratings.com  5 hrs ago  Comment 
LPKF defends LDS patent in Federal Patent Court DGAP-News: LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Patent/Legal Matter LPKF defends LDS patent in Federal Patent Court 04.08.2015 /...
TechCrunch  Aug 4  Comment 
 User experience and user-interface design is an emerging field in the technology industry, even more so in the legal world of patents. (Sometimes this field is known by the shorthand UX/UI.) It might surprise you to know that the fastest growing...
The Times of India  Aug 2  Comment 
A startup recently found to its dismay that the patent created by its employee was not owned by it.
The Economic Times  Jul 31  Comment 
As many as 2,26,339 patent applications are pending due to shortage of professionals, Parliament was informed today.
New York Times  Jul 31  Comment 
No issue in negotiations over a Trans-Pacific Partnership seems to elicit more passion than pharmaceuticals, with both sides using the language of life and death.
FiercePharma  Jul 30  Comment 
Celgene is hedge fund manager Kyle Bass' latest patent target, it says--but the biotech isn't taking the news lying down.
New York Times  Jul 30  Comment 
No issue in negotiations over a Trans-Pacific Partnership seems to elicit more passion than pharmaceuticals, with both sides using the language of life and death.
Benzinga  Jul 29  Comment 
The U.S Patent and Trademark Office (USPTO) handed Digital Ally, Inc. (NASDAQ: DGLY) a major legal victory on Wednesday, issuing a final decision invalidating the majority of the claims against Ally after a nearly two-year legal battle with...




 
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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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