IP & AI Collab in Drug Development Flashcards
What is intellectual property?
IP is a category of property that includes intangible creations of the human intellect.
- People & businesses can be granted rights to this
Examples of IP
Patents, copyrights, trademarks
How long do Patents last?
Around 20 years
What does IP provide?
Economic incentive for creation of new things
Main problem with IP?
Morals
What could be harmed by expansive intellectual monopolies?
The public interest - monopolies may harm health (in the case of pharmaceutical patents), prevent progress, and only benefit concentrated interests to the detriment of the masses
When are ethical problems most pertinent?
When socially valuable goods like life-saving medicines are given IP protection
International IP is legally binding by?
Trade-related aspects of intellectual property rights (TRIPS)
What is a patent?
“A form of IP that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of years in exchange for publishing an enabling public disclosure of the invention [the patent document].”
What are the three criteria that need to be satisfied for a patent application to succeed?
Must be novel, useful, and have a non-obvious inventive step
- Inventive step: - must be non-obvious to someone who is skilled in the same discipline
Patent process
- Apply
- An application until patent rights are granted
- Describe how to make and use the invention, provide info. on its use
- Define what the patent covers – the ‘claims’
- This is then assessed by novelty, inventive step, industrial applicability
- Objections are communicated to applicants, they can respond, application is accepted or rejected
- Expensive and time-consuming process
IP in Universities
- Office of Technology Transfer
- Inventor: an employee who makes an invention or creates IP
- Students not considered employees
- Any employee of a university: that university owns their IP
- Publication & dissemination can be delayed a short while where there is Potentially Exploitable IP. Employees and students should keep it secret
- Return in value for the relevant research school, inventor themselves, corporate university
What is filled out at invention phase?
Invention disclosure form
True or False: IP can be licensed by a third party, or used to spin out a new company.
True
What is technically evaluated in the technology transfer process
- Technical value
- Patentability
- Market value
- Case managers
- Consultants involved
