Patents

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The Hindu Business Line  Feb 17  Comment 
Dr Reddy’s Laboratories today said there are no claims against the company for monetary damages after it received an unfavourable ruling in a US court regarding a patent infringement case over anti-n...
Benzinga  Feb 16  Comment 
Editas Medicine Inc (NASDAQ: EDIT) shares are trading higher by $2.00 (9 percent) at $26.30 in Thursday's session. The issue is following through on its $5.44 gain from Wednesday's session. That rally was instigated by an announcement confirming...
The Economic Times  Feb 16  Comment 
Industry experts feel the Indian agro-chemicals sector may witness an annual growth of 15-20 per cent following patents expiry from currently around 8-9 per cent.
The Economic Times  Feb 16  Comment 
"We are disappointed in the decision and intend to pursue an appeal in due course," a company spokesperson said.
The Economic Times  Feb 16  Comment 
The scrip was trading 2.07 per cent lower at Rs 2849.85. Shares of the company opened at Rs 2920 and touched a high and low of Rs 2932 and Rs 2803.50, respectively, in trade so far.
New York Times  Feb 16  Comment 
The ruling gives the Broad Institute the potentially lucrative rights, a blow to the University of California, often said to be the birthplace of the technique.
TechCrunch  Feb 15  Comment 
 Following a high-profile and very heated court hearing over ownership of the patents for gene-editing technology CRISPR-Cas9, judges at the United States Patent and Trademark Office in Alexandria, Virginia, ruled today that the technology...




 
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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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