US Supreme Court at last agreed to hear the arguments in favor of legalizing the pharmaceutical patent infringement settlement. Pharmaceutical companies that sell the branded drugs pay generic drug makers to withdraw the challenge and delayed the sale of their products in the market. The current litigation settlement between branded and generic drug manufacturers is […]
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Patent troll is a heinous method of acquiring by filing a lawsuit of patent infringement against others. The patent law allows any person or organization to purchase and sell a number of ideas. However, there is no provision in the law to make the ideas into realities. With the power of these clauses, anyone can […]
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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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