Pharmaceutical Patent
Patent Creation & Para IV Strategy
Successful drug development needs a thorough understanding of patents, the role they play in protecting your innovation from competition, and how to prevent expensive, time-consuming lawsuits that delay valuable medicine from reaching patients. This can create more obstacles for companies who would rather focus their spending on developing cures. Our management team at Vici has decades of experience successfully creating intellectual property to increase the commercial value of products and crafting non-infringement strategies for both generic (ANDA) and 505(b)(s) product development.
Benefits of Creating Orange Book Listed Patents
Protecting your pharmaceutical innovation by listing product-specific patents in the orange book provides valuable exclusivity time for your product. This is particularly important for 505(b)(2) products which may not have molecule patents to protect your innovation. Even for 505(b)(1) products, it is important to seek additional formulation, indication, and method of use patents to ensure that your innovation is adequately protected to ensure return on investment.
At Vici, our back-office and technical teams work together to perform a thorough search of the patent landscape and understand the freedom to operate as it relates to your innovation. During drug development, we can create intellectual property (IP) around your innovation. As our client, all intellectual property arising from your projects will be assigned to you.