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Top Articles - Business Method Patents, Part I
Business method patents protect some very important things in your business.
Since the Supreme Court’s
Since the Supreme Court’s
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
decision in 1998 to grant patents based on business methods, the Patent and Trademark Office has been in
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ndated with applications of this type. There is currently a four-year wait for patent application approv
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
als.
Before 1998, it was normally the assumption that a method of doing business could not be patented,
Before 1998, it was normally the assumption that a method of doing business could not be patented,
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
and only a few property protections were in place. But in 1998, a landmark case between Signature Financ
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ial Group and State Street Bank and Trust, handed down a decision that a patent could be obtained based
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
n a method of doing business. The dispute between these two companies involved a way to calculate concer
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ning mutual funds, and the Supreme Court agreed that a particular method for calculating them could be p
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
tented under a business method patent.
As the name implies, business method patents refers to the metho
As the name implies, business method patents refers to the metho
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
d or the way in which the company does business. Business method patents are not a new major category of
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
patents like plant or design patents, but is instead a type of utility patent. Patents for business meth
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ods belong to the same family of utility patents that are granted for new electronic equipment, or pharm
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ceutical products. The business method patent is classified at the Patent Office as a “Data processing p
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
atent (in the) financial, cost, management, or business determination”.
For an example of a business me
For an example of a business me
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
hod patent, consider a web site or company that invents a new way of advertising for customers on the Wo
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
rld Wide Web.
Business method patent applications have exploded with e-commerce and the Internet. If an
Business method patent applications have exploded with e-commerce and the Internet. If an
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
e-commerce company can continually generate a profit with a new technique and can also prevent their com
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
petitors from using this method for at least seventeen years, then e-commerce of this sort becomes very
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ttractive to many entrepreneurs. Previously, business methods on the internet were fair game for anyone
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
who figured out how to implement them. With a business method patent in place, this changes dramatically
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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