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What is a tangible asset?
Land, buildings, plants and staff
What are intangible assets?
Ideas, inventions, trademarks, corporate image
What type of asset is intellectual property and why?
- form of an intangible asset – includes confidential information, copyright, designs, patents and trademarks
What does copyright protect
Original work
What is a trademark and provide an example
An indication of a brand
o Eg for Nexium:
§ Trademarks would be the device, the name ‘nexium’ and the logo
§ The patents would be on the compound, salts, polymorph, formulation, process and the method of treatment
§ The copyright would protect the layout of the packaging
What is a patent
- protects a technical invention and can last for up to 20 years and is a national right
o An agreement between a state and the inventors
o In return of publication of the invention in full, the inventors have a legal right to exclude others from making, selling and using the invention
o It is a right to exclude rather than a right to use
What are the product requirements of a patent?
Product must be new, useful, inventive and adequately described. This means that it needs to show that the product increases innovation
What would make a patent invalid?
public disclosure because product would no longer be new
Obvious adaptation on something is already known
What is a patent opportunity?
o invention that solves a problem
What is prior art?
o anything regarding the invention PRIOR to the filing date of the patent
What is a patent claim?
o defines the technical scope of the monopoly, which can prevent/control others from using
What is a dominating patent?
§ patent someone else has filed includes the patent you may have filed
· By falling within the dominating patent, you cannot sell or manufacture any of your own inventions
What is a selection invention?
Falling within someone else’s patent
What if 2 different companies occur such that one has a patent on commercialisation and one has. A patent on configuration?
· normally leads to some form of agreement so both can profit from the situation
Describe the patent application process
- Can take between 3-5 years to get a patent granted
- Once something is invented, the application is places
- Within 12 months, you decide which countries you want the patent to be active in
- At 18 months, it becomes full prior art and is published
- Then examination processes occur and eventually granted between 3-5 years
What can be patented?
- Some pharmaceutical products can have their patents increased after a few years for up to 5 years to make up for delay during clinical trials etc
- Intermediates
- Salts/polymorphs/crystalline forms
- Formulations
- Processes
- Devices and or packaging
- New indications
- Dosage regimens
- Personalised healthcare/biomarkers
- Combinations
What questions would you ask when developing a patent strategy?
- What is the invention and essential features?
- What features are known and how extensive is the prior art?
- What is to be achieved by filing a patent application?
- How broadly should the invention be claimed?
- How much information needs to be disclosed?
- When must this patent application be filed?
- Where is the protection required?
- The broadest claim should cover the workable space
o So if a generic equivalent won’t work because without these excipients, the profile wont be the same at all