Compulsory license makes it compulsory for the owner of a patent to license the use of their rights against payment either set by law or determined by arbitration. A company seeking to use a patent can do so without seeking the patent holder's consent, and pays the patent holder a set fee for the [...]
Hyderabad based Natco Pharma, which successfully received India’s first compulsory license for Nexavar (cancer drug) is again in news for patent dispute with Bristol-Myers Squibb (BMS). Dispute relates to generic version of Dasatinib, crucial medicine used in chronic myeloid leukemia. Natco is selling under brand name Sprycel.Natco has gone ahead and launched a generic [...]
Whirlpool Corporation announced in a press release that the United States District Court of Delaware ruled in favor of Whirlpool, affirming and expanding a jury's unanimous March 2010 decision that certain LG refrigerators infringe Whirlpool Corporation's patented technology. In this decision, the Court affirmed the ruling from March 2010 that LG side-by-side refrigerators infringe [...]
There was a time when it was considered a show off to have mobile phone. In late Nineties Nokia was the leading mobile selling company worldwide. But now the story is altogether different as Nokia is struggling by falling sales and a loss of market share. Analysts have attributed Nokia's decline in large part [...]
Yahoo! Inc. is an American multinational internet corporation headquartered in Sunnyvale, California, United States. The company is perhaps best known for its web portal, search engine (Yahoo! Search), Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Groups, Yahoo! Answers, advertising, online mapping, video sharing, fantasy sports and social media website and services. It started a [...]
Patent is an exclusive right granted by the government to an inventor for a limited period of time in exchange of complete disclosure of invention. Compulsory License is an important provision under the amended Indian Patent Act which is used by Indian Patent Office to put a check on the abuse of monopoly provided [...]
