EpiPen, a widely known pharmaceutical drug that can save people from life-threatening allergies, is once again under the microscope for sharply increasing its prices. Partially due to its ironclad patent, which covers EpiPen's safety cap, the drug has not only managed to ward off potential competitor Teva, but has also been able to command prices upwards of $600. That's 500% more than when it started back in 2007. Though it is not uncommon for a company to increase it's prices when it's patent life comes to an end, EpiPen's patent has managed to stay in tact since the 1980s, with its design patent expiring in 2025. That said, many people are having a hard time understanding the rationale for two price increases of 15% every year since 2014. For more information, click here.
One of the most popular inquiries patent attorneys receive is the question, "What can be patented?" While a detailed answer can be found here on our Patent FAQs page, we thought you might like to see a sampling of some of the breadth of ideas that grace the desks of the US Patent and Trademark Office and receive a patent approval. (Hint: One of the patents includes a "High-Five Machine").
Click here to see Inc.com's full article: "12 Strange and Amazing Patents,"plus pictures of their patent designs.
Still not sure if your idea is patentable? Contact us. We look forward to helping you.
In our last post, we talked about the reasons why some inventors choose to publish a non-provisional patent application. Today, we will address the reasons why some choose NOT to publish.
Are these Shark Tank inventors giving their ideas away and putting themselves at risk?
As an inventor, you have the option of publishing your non-provisional patent application as a safeguard or NOT publishing your non-provisional patent application; but in some cases publishing is not an option, it's a requirement.
In today's post, you will learn 1) what happens when you publish a non-provisional patent application, and 2) the reasons why some inventors and companies do it.
The last time we spoke about trademark infringement, we were talking about Nike’s troubles overseas during the Barcelona Olympics of 1992. Because Nike’s former distributor owned the rights to the name in Spain, the court banned Nike from using its famous alias on all of its advertisement and paraphernalia.
Today, we look at a much more recent pending case...
This year, Box, an online file sharing service and cloud content management provider, went public on the stock market. And despite going head to head with major players like Microsoft and Dropbox, they have managed to create their own playing field, and rake in billions of dollars after only 10 years in business. So how did this company, started by four 20-something guys in a garage get so big so fast? The company’s founder and president, Aaron Levie, admits it didn’t seem like it would be possible at first; but two main approaches gave them an edge and made them a leader in their industry.
Halloween is just one day away. What better time to talk about one of the more scary aspects of the intellectual property world: patent trolls. You may have heard of them. If not, you should know what they are.
This post will help you determine if you have been stolen from (or if you have been in fact, stealing). Of course, you should seek professional consultation by an attorney to get specific advice for your particular scenario. (*Note: the example you are about to read is completely fictitious and is in no way written with the knowledge of any real life occurrence. Any resemblance to an actual event is coincidental).
Though it may take years for you to see the fruit of your labor, it only takes one mistake to completely undercut your profits. What are two of the most
You can own real estate; you can own an expensive collection of antiques, but if a powerful storm comes, it can destroy them both. What you have the opportunity