In this article I will be discussing the current trend of patent filing in the field of pharma. The pharma industry has always been in the top list for patent filings all around the world. But the sections like section 3d in India has made the pharma sector vary from all of the patent [...]
Even after India’s attempt to remove traditional knowledge (TK) from the list of things that can be patented, Indian Patent Office is granting patents on the use of TK of India which is related the Ayurveda, Unani and Siddha systems of medicine, and patents are also being granted on inventions related to biological resources [...]
In recent news India successfully opposed a patent that was filed by MDIP LLC for Pomegranate activity of skin sores and lesions. MDIP LLC is a boutique intellectual property law firm located in the biotech rich Washington, DC suburb of Montgomery County, Maryland. MDIP LLC had filed for the patent with a title of [...]
21st century is a knowledge based economy where patents are viewed as more business asset rather than legal asset. So need is managers should understand importance of patents and start monetizing them. Companies in India (except few) generally understand that patents are just cost centers i.e. companies are spending huge amount of money in [...]
Patent of the one of the most blockbuster drug in the market – LIPITOR has expired. Patent was held by Pfizer which held the market exclusivity and earned great revenues at an average of $ 11 billion with last year sales staggering at $ 13 billion. Lipitor almost amounted for one sixth of the [...]
A Canadian patent has been revoked in Canada after it was invalidated by the Supreme Court of Canada. The Viagra patent belonged to Pfizer Canada Inc. The court ruled that at the time of filing the applicant knew that Sildenafil was the main compound which helped patients with erectile dysfunction but Pfizer chose not [...]
