Blockbuster Drugs and Lifecycle Management Flashcards
What is a patent? Give 2 things
1) A license granted by a government body that guarantees exclusive exploitation rights to intellectual property
2) Prevents others from making, using and selling the invention claimed during the life of the patent
What must the investor do in return for the patent?
Publish full details of the invention to stimulate further innovation
Give 4 reasons why it is beneficial to patent.
1) encourages exploitation on inventions
2) increases scientific and technical knowledge
3) encourage transfer of technology
4) means market excusivity
What do you have the right to do if your patent is infringed?
Sue
How long does a patent last?
20 years
What are generics?
Drugs produced which are very similar to the original
What happens to the price of the drug once the patent expires and why?
Decreases as market forces drive it down
When does the patent start?
From the date of filing
What is there a balance between?
Filing early enough to protect your data but getting good return of investment (ROI)
What can you patent?
An invention that is non-obvious or include an inventive step to a person ordinarily skilled in the art. can also claim analogues of the drug. Don’t have to have made every compound included in the patent but some of them.
What can happen if you claim too many or too little prophetic compounds?
The patent examiner may reject the application. Leave yourself open to competitors
Name some things we can patent.
Drug substance and analogues, crystalline form/polymorphs, formulation, manufacturing process, intermediates, use of product/associated devices, potentially genes
How much cheaper are lower price generics and what proportion of the market share can they take up?
30% cheaper and 90%
What is the patent cliff?
Concerns about lack of new products in the pipeline. In 2016 lots of patents expired so lots of generic versions expected
Explain what the desired life cycle management is.
To reduce the cost of investment. start selling earlier, sell more during the return period and sell for longer during the return period after patent expiry.