And the day after a product patent expires, copycats show up in supermarkets.
Of course Dr. Reddy's can only succeed in becoming an international drug major if India adopts--and polices--a product-patent law by 2005.
But Like.com had a patent on product applications of computer vision.
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This device, by which a country orders a patent-holder to license a product against its will, has been accepted in international treaties for more than a century.
Congress could introduce transferable exclusivity that would allow a drug company that markets a new drug for a rare disease to extend the patent on any product in its portfolio by a given period.
Product A was about to go off-patent and become available as a generic, and we were trying to anticipate the effect this would have on sales of Product B, still on patent.
In the worst case scenario, poor farmers could even end up being obliged to pay royalties to the patent holder on a product their forebears had grown for generations.
Recently a U.S. federal court upheld Ranbaxy's patent challenge against GlaxoSmithKline's Augmentin, a product that augments the unpatented antibiotic amoxicillin with a chemical that attacks a bacterial defense against antibiotics.
By law, any patents that are deemed to be necessary to make a standards compliant product must be licensed by the patent owner at fair, reasonable, and non-discriminatory (FRAND) terms.
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When his company sold its product in 2011 to a customer already embroiled in patent litigation, the plaintiff in the action then added Skyfire's technology to its suit, says Mr. Glueck, who declined to go into specifics.
Quirky, a crowd-sourced social product development platform, announced with some fanfare a program to give inventors access to its huge patent portfolio.
However, a product I work with (a specific alloy) had a patent granted for its use in sporting goods.
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This was a way of capturing some of the investment made in developing the product or service, and typically resulted in a narrowly focused patent that could be used to prevent direct competition.
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Ford Global Technologies enhanced their Employee Patent Incentive Award program for workers at TechShop that have built a patentable product.
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Tipped off by a California patent lawyer, Chan flew to Santa Clara in early 2000 for a product demonstration at PrediWave.
As is the case with Apple's patent contributions, however, we'll wait to see whether the patent is granted and whether these ideas will ever crystallize into a genuine product.
His biggest concern is that "a very high percentage of our revenue is going to go off-patent within the next product cycle, " meaning in seven years, the time it takes to develop a new drug.
But a free and open legal system like ours is bound to be subject to a certain number of abusive holdup suits, and not just by patent trolls, but also by product liability trolls, medical malpractice trolls, and shareholder fraud trolls as well.
India's patent office rejected the company's patent application, arguing the drug was not a new medicine but an amended version of its earlier product.
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