I discsuss in this video a few key benefits to pursuing a patent portfolio. These benefits include incentivizing inventors to make inventions, protecting markets and products, and as an asset. Patents as assets are valuable as a basis for a license and to value a...
The Hatch-Waxman Act (formally known as the Drug Price Competition and Patent Term Restoration Act) is a law passed in 1984 that created the generic drug industry as we know it today in the United States. The Hatch-Waxman Act was created in response to a court case...
{3:00 minutes to read} A patent gives the patent owner the ability to exclude someone else from practicing the claimed invention, which can lead to market exclusivity if a product is within the scope of an issued patent claim. But an important strategic option could...
United Cannabis (UCann) owns US Patent 9,730,911, which discloses methods of extracting cannabinoid oils from cannabis plant material and formulations of the oils. The patent has 36 claims, all on various formulations of cannabinoids. Of particular interest is claim...
Patent prosecution is one of my sharpest skills, and I just got word of an important patent allowance for one of my biotech cases. The beauty of receiving this notice was compounded by the strategy and approach to getting this case out the door with allowable subject...
A critical aspect in patent drafting is the written description requirement (35 USC §112(a)). This is a standard feature of all patent systems, which requires that claims be “supported” by the specification. Shortfalls in meeting the written description requirement...
