Venezuela's Minister of Trade, Eduardo Saman, announced that the Latin American country's government has invalidated two registered pharmaceutical patents for the antibiotic moxifloxacin produced by Germany-based drug major Bayer, according to IP Tango, a Latin American blog site.
The move comes after Bayer initiated civil law suits against two national companies that were producing generic copies of Avelox (moxifloxacin). The accused infringers alerted the Minister of Trade and the Servicio Autonomo de la Propiedad Intelectual (SAPI), after which proceedings started challenging the validity of the patents.
Explaining the situation, SAPI Director General Arlen Pinate said last week that the requirements were not fulfilled, noting that the requirements for granting a patent in Venezuela are three: the invention must be new, not obvious and industrially applicable. Ms Pinate said that the forms did not contain the reason why they were granted.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze