Patents

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Wall Street Journal  Apr 14  Comment 
Tensions are escalating in the long-running dispute between two major groups over the research and rights to Crispr, a biological system that has been adapted to easily edit the genes of animals, plants and people.
Benzinga  Apr 13  Comment 
Ben Kallo of Baird reiterated an Outperform rating and $368 price target on Tesla Inc (NASDAQ: TSLA)'s stock after taking a deep-dive into the company's patent applications. New Patents Kallo uncovered 10 new patent applications that have been...
GenEng News  Apr 13  Comment 
The battle royal over who invented CRISPR is heading for another round of litigation, with the grantees of a European patent for the gene-editing technology indicating they will appeal a February U.S. court ruling. The Regents of the...
FiercePharma  Apr 12  Comment 
Bye-bye Bass? In the end, 'consumers pay,' he warns of thwarted patent challenges chelfand Wed, 04/12/2017 - 11:28
TechCrunch  Apr 11  Comment 
 Uber has launched a new patent purchase program, called UP3, which will seek to expedite the process of purchasing patents with an open application windows opening April 24, 2017 and closing May 23, 2017. The idea is to get patent holders to...




 
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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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