Patents

RECENT NEWS
The Hindu Business Line  Sep 8  Comment 
Suven Life Sciences has been granted a patent each by Canada, Europe and Hong Kong for a drug used in the treatment of neuro-degenerative diseases. In a BSE filing today, Suven Life said: “The gran...
The Hindu Business Line  Sep 7  Comment 
The National Payments Corporation of India (NPCI) is likely to file for a patent for having rolled out an inter-operable payment system called the unified payment interface (UPI), according to an NPC...
The Hindu Business Line  Sep 7  Comment 
MIC Electronics has announced it has secured a patent for its LED Digi-Poster, which the company maintains is a next generation digital display technology for various applications across the world.
Benzinga  Sep 2  Comment 
On August 24, the Patent Trial and Appeal Board (PTAB) invalidated Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) ‘250 and ‘450 mg/mL Copaxone patents. This week, the PTAB invalidated the remaining ‘302 patent as well. Where do...
FiercePharma  Sep 1  Comment 
One, two, three, gone: Teva loses third patent on new Copaxone formula tracystaton Thu, 09/01/2016 - 16:43
TechCrunch  Sep 1  Comment 
 License on Transfer (LOT) Network is looking to make it even easier for smaller startups to sign up for its cross-licensing patent “immunization” organization, which includes members like Google, Netflix and Uber. Between now and March 1,...




 
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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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