Patents

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TechCrunch  5 hrs ago  Comment 
 Well that didn’t last long. A fresh patent spat between Nokia and Apple which fired up at the back end of last year when Cupertino accused the former world number one mobile maker of making like a patent troll appears to have been resolved...
SeekingAlpha  5 hrs ago  Comment 
New York Times  May 22  Comment 
The court placed tight limits on where patent lawsuits may be filed, a blow to companies that buy patents to demand royalties and sue for damages.
Forbes  May 21  Comment 
Here are five things in technology that happened this past week and how they affect your business. Did you miss them?
Benzinga  May 18  Comment 
New Frontier Data, one of the leading analytics firms in the cannabis industry, recently published a 400-page research note titled "The Cannabis Industry Annual Report" looking at the state of legal marijuana markets for 2017. The extensive...
FiercePharma  May 17  Comment 
One of AbbVie’s Humira patents bit the dust late Tuesday, marking a win for biosimilars makers. But they still have a long way to go before they’ll really be able to celebrate, analysts cautioned.
Forbes  May 17  Comment 
If you expected automakers to lead in patenting intellectual property for connected and self-driving cars, you'd be wrong. Looking at patents for the past five years, Google is in a dead heat with Audi for most patents in that category.




 
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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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