We frequently hear the phrases patent, copyrights or trademarks from the business houses. We do not have a clear idea about these phrases. These words are used to protect the identity of a product from the infringement. It also builds the brand recognition. However, the people frequently ask the question what are the difference between […]
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Myriad Genetics is one of the leading Genomics companies of USA. They are dedicated to research on the roles of genes in human life. In 1994, Myriad affiliated scientists first discovered BRCA1 (BReast CAncer gene 1), which when mutated results in pronounced predisposition to breast, ovarian and certain other cancers. In the next year, the […]
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Intellectual property (IP) infringement lawsuit is a major financial threat to the companies. Whether the company is a plaintiff or defendant, the company has to bear a substantial cost to litigate the case. The average cost of litigating a case in theUSA is about $2.08 million. The patent insurance can help to reduce the financial […]
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Piracy of copyrighted and patented products is a major threat to the inventors, artists, musicians, writers and the investors. The main reason of piracy is some drawbacks of current patent, trademarks and copyright act. Patent of the invention and creative works has now become the monopoly of inventor. It is preventing the others to modify […]
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Government of India has announced to provide generic drugs to millions of Indian people at a lower cost from October, 2012. The Government has already allocated $5.4 billion for funding this scheme. The Health Ministry has focused on the generic drugs because the generic drug is much cheaper than the branded drug. However, some state […]
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On 25th October 2012, four NGOs requested “National Institute of Health (NIH)” under the Bayh-Dole Act of USA to force “Abbott Laboratories” to license others for manufacturing and selling the drug Ritonavir, which is used for the treatment of AIDS. The petitioners are “American Medical Students Association (AMSA)”, “Knowledge Ecology International (KEI)”, “U.S. Public Interest […]
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