Patents

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Forbes  3 hrs ago  Comment 
There is little debate that patent law is a complicated subject, yet the idea of protecting intellectual and private property is a centerpiece of American free market capitalism. Congress is once again contemplating changes to patent law to help...
Forbes  4 hrs ago  Comment 
This article is by David Pridham and Brad Sheafe, the chief executive officer and chief intellectual property officer, respectively, of the patent advisory and optimization firm Dominion Harbor Group.
The Hindu Business Line  Aug 17  Comment 
Camson Bio Technologies has filed patents for its discovery of natural fertiliser – a product which is derived from microbial extracts. The company has developed capabilities to manufact...
The Hindu Business Line  Aug 17  Comment 
Benzinga  Aug 17  Comment 
Pluristem Therapeutics Inc. (Nasdaq: PSTI) today announced that the U.S. Patent and Trademark Office has issued to the Company patent #9,096,827 titled "Adherent Cells From Placenta Tissue and Use Thereof in Therapy". The patent protects...
BBC News  Aug 14  Comment 
A US appeals court will not reconsider an earlier decision finding that Samsung violated Apple patents.
FiercePharma  Aug 12  Comment 
Money makes the world go round--the patent world, that is. That's the word from hedge funder Kyle Bass, who has been targeting drug patents he calls "low quality," and shorting pharma stocks along the way.
Benzinga  Aug 11  Comment 
In a recent article published on Forbes, Data Journalist Niall McCarthy looks into patent disputes in the United States, concluding that the country is set to see a record number of patent disputes this year. According to a report issued by...




 
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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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