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Without government intervention, such as research subsidies or an effective patent system, too few resources will be devoted to research.
The result is that the effective patent life of brand-name drugs increased from about eight years in 1980 to about fourteen years in 2000.
As noted above, defensive publications relating to important company technology are best employed only where the company already has effective patent protection.
And the effective patent life of a new drug -- the amount of time a company can expect to enjoy an exclusive run in the marketplace -- was about eight years; the average effective patent life of a drug has nearly doubled since then.
But because companies often apply for patents in early stages of drug development, before drugs are approved, pharmaceuticals may have fewer years of what is called effective patent protection.
Since a typical patent is in force for 20 years, firms only have two years of effective patent length left to commercialise a new drug against localised prostate cancer.The data paint a bleak picture.
Similar(38)
They describe common but effective patenting techniques such as clustering and bracketing, both designed to block out or hamper competitors in the market.
A novel and generic methodology combining ontology based patent analysis and clinical meta-analysis is developed to analyze and identify the most effective patented techniques in the dental implant field.
Professor Cohen considered how effective patents are across different industries in the manufacturing sector, how reasons to patent differ across industries, the role of patents not only in the protection of innovations but in the diffusion of knowledge, the effect of patents on R&D, and implications for social welfare and policy.
In view of this, it is essential for developing countries to build capacity and training in patent law and learn how to formulate effective patents, and the NCB could play a key role in this effort.
But I also wonder how effective this patent would be if established magazines tried to allow users to customize content in a similar way – Google could step in and claim infringement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com