Patents

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FiercePharma  Jun 21  Comment 
NIH won't override patents on Astellas' pricey Xtandi to bring down prices chelfand Tue, 06/21/2016 - 10:58
Clusterstock  Jun 21  Comment 
By Jake Spring BEIJING (Reuters) - China's cancellation of Jaguar Land Rover's patent on the Range Rover Evoque will not stop it from going after an alleged Chinese copycat in a separate unfair competition and copyright proceeding, a Jaguar Land...
TechCrunch  Jun 21  Comment 
 It is no secret that trade secrets are essential to the success of many businesses. Nearly all of us are aware of examples of highly treasured trade secrets, such as the recipe for Coca-Cola, the formula for WD-40 and the methodology for...
Insurance Journal  Jun 20  Comment 
The U.S. Supreme Court on Monday ruled against Cuozzo Speed Technologies Corp. in its challenge to a federal agency’s procedures for canceling patents in a case involving a vehicle speedometer that tells drivers when they are speeding. The...
Clusterstock  Jun 20  Comment 
By Byron Kaye and Jeremy Wagstaff SYDNEY/SINGAPORE (Reuters) - Craig Wright, the Australian who claimed to be the inventor of bitcoin, is attempting to build a large patent portfolio around the digital currency and technology underpinning it,...
Financial Times  Jun 20  Comment 
Authorities in China declare patent ‘invalid’ after carmaker sues
The Economic Times  Jun 20  Comment 
Although not promising a true night vision, the device is described in the patent to improve sight under low light by tricking the brain to focus on high contrast imagery.
The Economic Times  Jun 19  Comment 
The patent claims the effect is similar to that of dark rooms used in photography or the red-tinted glasses worn by some airline pilots.
The Hindu Business Line  Jun 16  Comment 
File over 500 patents each in 2015-16; Infosys disappoints with just nine
New York Times  Jun 16  Comment 
India’s innovative patent system has brought cheap generic drugs to millions. Now it’s under threat — because the Hindu right is obsessed with cows.




 
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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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