Patents

RECENT NEWS
Benzinga  1 hr ago  Comment 
Vringo, Inc. (NASDAQ: VRNG), a company engaged in the innovation, development and monetization of intellectual property, today announced that the High Court of Justice, Chancery Division, Patents Court in the United Kingdom ordered...
Wall Street Journal  Dec 19  Comment 
VirnetX and Microsoft have reached an agreement to settle a lawsuit over alleged patent violations related to Microsoft’s Skype unit.
Forbes  Dec 18  Comment 
Is Apple about to announce a new TouchID sensor for iPhone and iPad?
The Hindu Business Line  Dec 18  Comment 
Cipla has requested the Centre to revoke Novartis’ patent on respiratory drug Onbrez
TechCrunch  Dec 18  Comment 
 A new patent application published by the USPTO (via AppleInsider) details some additional uses of the Touch ID sensor found on the iPhone and iPad that could make its way into future products. The patent is credited to AuthenTec co-founder Dale...
Forbes  Dec 18  Comment 
A Delhi court’s decision to temporarily lift the ban on Xiaomi in India was the “best birthday gift” he could get, said Lei Jun, CEO and founder of China’s largest smartphone maker (and the world’s fourth-largest smartphone seller). Lei,...
Benzinga  Dec 17  Comment 
ImmunoCellular Therapeutics, Ltd. ("ImmunoCellular") (NYSE MKT: IMUC) announced that the US Patent and Trademark Office (USPTO) has issued a key patent covering ImmunoCellular's product candidate ICT-107, a dendritic cell-based...
Wall Street Journal  Dec 16  Comment 
Google Inc. and Verizon Communications Inc. struck a long-term patent cross-license agreement to reduce the risk of future patent lawsuits, the latest in a string of deals that signal a slowdown after years of aggressive patent wars.




 
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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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