Patents

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Forbes  Jun 19  Comment 
Robots can help make surgery safer -- unless patent trolls destroy the robotics market.
Insurance Journal  Jun 19  Comment 
Colorado will start prosecuting so-called patent trolls, businesses and individuals who falsely claim to have the rights to an idea or product so they can intimidate inventors and companies into doling out money to settle or avoid lawsuits. A bill...
Benzinga  Jun 17  Comment 
Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data storage solutions, today announced an update to its patent infringement litigation against defendants Oracle, NetApp, Cisco, Quantum, Dot Hill, and Huawei. Crossroads is seeking...
newratings.com  Jun 17  Comment 
LONDON (dpa-AFX) - Smith & Nephew (SNN, SN.L) announced it has received payment in connection with the recent affirmation by the U.S. Court of Appeals for the Federal Circuit of a $95 million patent infringement judgment against Arthrex, Inc. The...
TheStreet.com  Jun 16  Comment 
NEW YORK (TheStreet) -- Shares of Great Basin Scientific were gaining 15.8% to $3.59 Tuesday after the molecular diagnostics company announced the European Patent Office issued a notice to allow for application for its on-chip amplification...
The Hindu Business Line  Jun 16  Comment 
Biopharmaceutical firm Suven Life Sciences today said it has been granted one patent each by the US, Israel and Macau for a drug used in the treatment of neurodegenerative diseases. Neuro...
GenEng News  Jun 15  Comment 
A federal appellate court has invalidated Sequenom’s patent for a noninvasive prenatal DNA test, agreeing with a lower court that the patent was unenforceable. The U.S. Court of Appeals for the Federal Circuit (CAFC) held Friday that...
newratings.com  Jun 15  Comment 
SAN DIEGO (dpa-AFX) - ParkerVision Inc. (PRKR) announced that it has modified its retention agreement with litigation firm McKool Smith for its patent infringement litigation currently underway in the middle district of Florida (ParkerVision Inc...
newratings.com  Jun 13  Comment 
WASHINGTON (dpa-AFX) - Sequenom, Inc. (SQNM) said Friday that the U.S. Court of Appeals for the Federal Circuit has upheld the ruling of the United States District Court for the Northern District of California that the claims of the company's...




 
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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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