Category Finance

CARB-X Makes Award For First Topical Antimicrobial; Could Be Used In Emergency Settings

CARB-X, an initiative aimed at accelerating innovation in antibacterial treatment, today announced an award to a company to accelerate development of a new bioengineered antimicrobial intended to be applied directly to affected tissues. This follows an announcement earlier this month of funding another firm to develop a new antibiotic class to treat drug-resistant Gram-negative bacterial infections.

Staff Union Welcomes Next EPO President, Hopes For Dialogue

In a letter to its members, the Staff Union of the European Patent Office (SUEPO) in The Hague, Netherlands has welcomed the election of Antonio Campinos as new President of the EPO a week ago, expressed hope for a change in EPO management-workforce relations and has some recommendations for next steps.

World Health Summit: Failing Business Models In AMR And Vaccination

BERLIN -- With antimicrobial resistance (AMR) on the rise worldwide there is no time to lose for developing new antibiotic drugs, experts said during one of the last panels of this year’s World Health Summit in Berlin Tuesday. As in several other rounds during the three-day event, industry representatives underlined that there is an issue with the business model due to high risk and low return of investment for research in this area.

In US, New Legal Ploy May Protect Bad Patents

It had been a bad three months for Allergan, Inc. The drug maker’s stock price had fallen over 20 percent, as the company faced two legal challenges to the patents on its blockbuster drug, Restasis. Then, on 16 October, Allergan lost one of those challenges. A US court found the patents invalid. Allergan vowed to appeal, thus maintaining its monopoly on the drug until a final court determination, which could be over a year away. But Allergan’s monopoly could collapse far sooner, if the company were to lose the second challenge to the patents, before the USPTO. Such a loss was probable, as the agency had already found a “reasonable likelihood” that prior art invalidated the patents on Restasis. So back in September, Allergan employed an innovative legal strategy: The company gave its patents to a Native American tribe, and the tribe claimed its sovereign immunity prevented the USPTO from reviewing the patents’ validity. If this strategy were to succeed, it will do far more than just boost Allergan’s bottom line. The new strategy will increase the power of patent owners, help patent trolls, and dramatically alter the US patent system.

Early Whispers Of Next WIPO Director General Election Cycle

It’s safe to say most delegates at the annual World Intellectual Property Organization General Assemblies this month gave no thought to the next election for the director general of the UN agency. It’s not surprising, as it is still years away and was not on the agenda this year. But it was surprising to hear a few delegates in the hallways utter the first very early whispers about what the next election might look like. So Intellectual Property Watch talked to delegates and looked at the possible timeline for the next election for the top post at WIPO.

WIPO General Assembly Wrap: Many Decisions Made, But External Offices, Design Treaty Left Hanging

After an intense 10 days of negotiations, World Intellectual Property Organization delegates this week managed to close all items of the organisation's annual General Assemblies, with major decisions taken, such as the approval of the 2018/2019 budget, and a new mandate and work programme for the committee on the protection of genetic resources and traditional knowledge. However the inability to decide at the ambassador level which countries would host new WIPO field offices, and on the convening of a high-level negotiation to conclude a treaty on industrial designs, led to some teeth grinding.

WIPO Delegates Agree On Budget For 2 Years; US Still Vigilant On GI Treaty

On the last day of the annual World Intellectual Property Organization General Assembly, delegates today found a way to agree on the issues blocking the adoption of the 2018/2019 budget. In particular delegates found a way to address requests made by the United States on the program and budget, notably on the financing of the WIPO agreement protecting geographical indications.

New Members But No Structural Change In WIPO Program And Budget Committee – For Now

Despite an effort by the Asia and Pacific Group countries to increase their representation, the geographical distribution of membership of the powerful World Intellectual Property Organization Program and Budget Committee remained the same at the completion of discussions at the annual WIPO General Assembly tonight. But WIPO members did agree to begin consideration of the composition of the committee.