The decline was due to increased use of generic drugs as some popular brand - name drugs
lost patent protection, increases in cost - sharing requirements, and lower spending on new medicines.
The combined company could initially have annual sales of over $ 65 billion, but there has been speculation that the merger could quickly be followed by a spinoff of some lower - margin businesses, including drugs that have
lost patent protection.
Celgene
loses patent protection by 2022 for Revlimid, its top - selling multiple myeloma drug that brought in about 60 percent of fiscal third quarter revenue of nearly $ 3.3 billion.
When this happens, it could be a very difficult time for the pharmaceutical industry, which makes the time before the cliff all the more important as companies scramble to shore up their product lines and get their balance sheets in order before their products
lose their patent protection [see also Is Your Biotech ETF A Leader Or Laggard?].
That's because, prior to
losing patent protection, Lovenox was hauling in as much as $ 4 billion in revenue per year.
In January 2009 New York - based Pfizer, maker of the blockbuster drug Lipitor, which
loses patent protection in November 2011, announced plans to buy Wyeth.
Not exact matches
For example, a Supplementary
Protection Certificate in Europe may be applied for approval to recover some of the time
lost between the
patent application filing date and the date of first marketing authorization.
If you start marketing or otherwise disclose your invention to the public before filing for
patent protection, remember that you must file your
patent application within one year of disclosure and be the first to file, or you
lose the right to
protection.
Then if the
patent does not issue, the inventor has
lost all proprietary
protection.
In their appeal, AlphaCap Ventures» attorneys argue that the law of
patent eligibility — particularly the law regarding when a claimed invention is an abstract idea and thus ineligible for
patent protection — is so unsettled that a court should never award fees when a party
loses on the issue.