PhRMA supports USPTO goals, but with concerns

25 February 2023
phrma-logo-big

US trade group Pharmaceutical Research and Manufacturers of America (PhRMA) responded to the US Patent and Trademark Office’s (USPTO) request for comments regarding the USPTO initiatives to “bolster the robustness and reliability of patents” and “ensure that the patent rights granted by the USPTO fulfill their intended purpose of furthering the common good, incentivizing innovation, and promoting economic prosperity.”

However, PhRMA is we concerned with certain unfounded criticisms of continuation patents, including narratives about the quantity of patents and the families of patents comprising so-called “patent thickets” that are driven by questionable data and misunderstandings about patent coverage. Contrary to these narratives, continuation patents are essential to ongoing biopharmaceutical research and development, the group warns.

The reality is that continuation patents provide critical incentives for biopharmaceutical companies to make the costly and high-risk investments necessary to develop new medicines for patients. Reduced intellectual property protections would lead to fewer options for patients — especially those battling our most complex and challenging diseases.

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 account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
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

Today's issue

Company Spotlight





More Features in Pharmaceutical