Patents

RECENT NEWS
The Hindu Business Line  4 hrs ago  Comment 
European Patent Office grants patent for invention to improve crude oil production
The Hindu Business Line  Apr 3  Comment 
Suven Life Sciences has been granted a product patent by Canada corresponding to new chemical entities (NCEs) for the treatment of disorders associa
The Hindu Business Line  Apr 2  Comment 
The speed at which patent applications are examined has almost doubled in the country with the hiring of new patent examiners, bringing down the pende
Benzinga  Mar 27  Comment 
Imprimis Pharmaceuticals Inc (NASDAQ: IMMY) announced Tuesday its non-opioid, non-IV sedation formulation, MKO Melt, secured a patent for anesthesiological applications. The product, which has been dispensed more than 70,000 times since debuting...
MedPage Today  Mar 26  Comment 
(MedPage Today) -- Recent developments of interest in cardiovascular medicine




 
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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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