3 criteria have to be fulfilled by an invention to receive patent protection for 20 years: inventive step, industrial application, novelty.
User Rights
With a patent in place, user rights can be clearly defined and licensed. Teaming up with governmental institutions, organizations
and academic scientist becomes easier. A big help when researching new treatments for unmet medical needs.
National authorities
It depends on the date of application and the regulations of national authorities when and for how long the patent is valid.
Once approved the Orphan Drug Status allows inventors to keep sales rights exclusive for a little longer. An exception to reduce the financial risk and encourage the work on treatments for rare disorders. The length of protection depends on the country and region.
www.pharma.bayer.com
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