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Top Adding - Patent: Seven Ways to Keep You from the Wolves
You have an invention or an idea for an invention. The first people you may hear about - or even may contact you - are from an invention development company. They advertise on radio and TV, and in magazines that cater to the inventive mind - and even some newspapers.
Invention development companies are priva
Invention development companies are priva
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
te and public research companies that
purport to help inventors develop, patent, and promote their ideas so they can be
commercially licensed or sold. While many of these organizations are legitimate,
some are not.
I state my stand on the use of such companies on my website - ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
I state my stand on the use of such companies on my website - ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
/www.gadgets-gizmos-inventions.com">www.gadgets-gizmos-inventions.com But, you may want to go that way anyway to develop your
patent or invention. If that’s the case, here are seven helpful tips for you to make
smart patent and invention development decisions:
1. Learn About the Patent Process.
Wh
1. Learn About the Patent Process.
Wh
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
en you understand the basics of how to get a patent, you will know when
invention marketers are making promises they, or the patent system, can't deliver.
Knowing the steps to do a patent search, and what is required, as well as knowing
what happens in the patenting process can only help you in making th
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
right
decision. You will have a better idea about whether the company you are talking to
knows what they are doing for you - and not just their pocketbook.
2. Do Your Homework.
Check the organization's references, ask for credentials, and then check them. Ask them for statistics on how many successes
2. Do Your Homework.
Check the organization's references, ask for credentials, and then check them. Ask them for statistics on how many successes
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
they have had compared to how many
total clients. They are required by law to offer you this type of information. In fact,
the American Inventors Protection Act of 1999 gives you the following rights when
dealing with invention promoters.
Before an invention promoter can enter into a contract with you
Before an invention promoter can enter into a contract with you
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
it must disclose the
following information about its business practices during the past five years:
• how many inventions it has evaluated,
• how many of those inventions got positive or negative evaluations,
• its total number of customers,
• how many of those customers received a net profit from the pr
• how many inventions it has evaluated,
• how many of those inventions got positive or negative evaluations,
• its total number of customers,
• how many of those customers received a net profit from the pr
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
omoter's
services, and
• how many of those customers have licensed their inventions due to the promoter's services.
This information can help you determine whether the promoter has been selective in deciding which inventions it promotes, and how successful the promoter has been. Ask for names of “suc
• how many of those customers have licensed their inventions due to the promoter's services.
This information can help you determine whether the promoter has been selective in deciding which inventions it promotes, and how successful the promoter has been. Ask for names of “suc
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
essful” clients, and talk to them.
Invention promoters also must give you the names and addresses of all invention promotion companies they have been affiliated with over the past 10 years. This information can help to determine whether the company you're considering doing business with has been subject t
Invention promoters also must give you the names and addresses of all invention promotion companies they have been affiliated with over the past 10 years. This information can help to determine whether the company you're considering doing business with has been subject t
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
o complaints or legal action.
You can call the U.S. Patent and Trademark Office (USPTO) at 1-866-767-3848, and the Better Business Bureau, the consumer protection agency, and the Attorney General in your state or city, and in the state or city where the company is headquartered to check them out.
3. Be
You can call the U.S. Patent and Trademark Office (USPTO) at 1-866-767-3848, and the Better Business Bureau, the consumer protection agency, and the Attorney General in your state or city, and in the state or city where the company is headquartered to check them out.
3. Be
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
Realistic.
Not every invention is patentable. Know that very few ideas - even the good ones - become commercially successful. Be wary of any developer willing to promote virtually any invention. If you are presented with the phrase - "We think your idea has great market potential" - beware, and take i
Not every invention is patentable. Know that very few ideas - even the good ones - become commercially successful. Be wary of any developer willing to promote virtually any invention. If you are presented with the phrase - "We think your idea has great market potential" - beware, and take i
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
t for what it is - in a lot of cases,
just a sales pitch.
4. Know Where Your Money Is Going.
Ask the organization how your money will be spent. Be on guard against large up- front fees and find out exactly how the money is spent. If the company gives you something like - "Our company has evaluated your
4. Know Where Your Money Is Going.
Ask the organization how your money will be spent. Be on guard against large up- front fees and find out exactly how the money is spent. If the company gives you something like - "Our company has evaluated your
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
idea, and now wants to prepare
a more in-depth research report. It'll be several hundred dollars" - ask them if the
idea is good enough for more research why don’t they foot the bill.
5. Protect Your Rights.
DO NOT disclose your invention to a developer over the phone (or at any time) before first havi
5. Protect Your Rights.
DO NOT disclose your invention to a developer over the phone (or at any time) before first havi
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
ng them sign a confidentiality agreement. You could forfeit valuable
patent rights. A sample confidentiality agreement is available on my website.
6. Track Your Invention's Progress.
If you decide to use an invention development organization, deal directly with the agent or patent attorney who will be h
6. Track Your Invention's Progress.
If you decide to use an invention development organization, deal directly with the agent or patent attorney who will be h
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
ndling your patent application. A lot of
these type of firms outsource the work which is not good for you.
Many invention promotion firms also may claim to perform patent searches on your idea. Fraudulent invention promotion firms usually do patent searches that are are incomplete, conducted in the wron
Many invention promotion firms also may claim to perform patent searches on your idea. Fraudulent invention promotion firms usually do patent searches that are are incomplete, conducted in the wron
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
g category, or unaccompanied by a legal opinion
on the results of the search from a registered patent attorney.
Because unscrupulous firms promote virtually any idea or invention without regard to its patentability - they may go ahead and market an idea for which someone already has a valid, unexpired pa
Because unscrupulous firms promote virtually any idea or invention without regard to its patentability - they may go ahead and market an idea for which someone already has a valid, unexpired pa
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
ent. In that case, you may be the one subjected to
a patent infringement lawsuit - even if the promotional efforts on your invention are
successful. Most probably, the way the infringement suit is attracted is through a
successful product.
7. Don't Get Discouraged!
The patent process can be very compl
7. Don't Get Discouraged!
The patent process can be very compl
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
icated, so you will probably need professional
help. There are many good patent agents and attorneys that can help you. The U.S.
Patent and Trademark Office maintains a nationwide register of attorneys and
agents who meet the legal, scientific and technical requirements of the office.
The first step shou
The first step shou
.
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
d be a patent search done by a reputable searcher. Your patent
attorney can help with this, and should review the search for a package price,
depending on the complexity of the invention.
Hang in there. It is a long and complicated process. But if your idea passes the initial search test and evaluatio
Hang in there. It is a long and complicated process. But if your idea passes the initial search test and evaluatio
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
n, there is a good chance you can receive a patent -
in two or so years.
For information on registered patent attorney and agents, you may visit the USPTO's Office of Enrollment and Discipline Web site at http://www.uspto.gov/go/oed
© 2006 Gary Cogle
For information on registered patent attorney and agents, you may visit the USPTO's Office of Enrollment and Discipline Web site at http://www.uspto.gov/go/oed
© 2006 Gary Cogle
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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