FAQs Patent Questions

Question:What is the difference between patents and exclusivity?

Answer:
Patents and exclusivity work in a similar fashion but are distinctly different from one another. Patents are granted by the patent and trademark office anywhere along the development lifeline of a drug and can encompass a wide range of claims. Exclusivity is exclusive marketing rights granted by the FDA upon approval of a drug and can run concurrently with a patent or not. Exclusivity is a statutory provision and is granted to an NDA applicant if statutory requirements are met.

Question:An application is abandonned if payments are not made in time

Answer:
If timely payment of the fee(s) is not made, the application will be regarded as abandoned.

Question:What is a trade secret?

Answer:
A trade secret is information that companies keep secret to give them an advantage over their competitors. No mechanism exists to federally record or register a trade secret.

Bookmark:           
Permalink:  http://S-0.ORG/txFtZwQ

Contact our Patent Professionals to ensure you complete the patent filing process correctly or for violation of your patent rights.