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Found 2 results

  1. Hello everyone, I have had many questions about when generic Azilect is coming out. I guess the best way to put it, now as we speak, is that just because a patent expires does not mean it will automatically go to generic. There are patent laws involved, as much as we may not like them, they are there for the brand name company to squeeze every dollar they can get. I found 2 terms that may make this a little easier to understand. I have posted them below, but as of today, I still have the release date of ABOUT FEBRUARY 2017. Here are the 2 terms used when it comes to patent law: TERM DEFINITION Drug Patent: A drug patent is assigned by the U.S. Patent and Trademark Office and assigns exclusive legal right to the patent holder to protect the proprietary chemical formulation. The patent assigns exclusive legal right to the inventor or patent holder, and may include entities such as the drug brand name, trademark, product dosage form, ingredient formulation, or manufacturing process A patent usually expires 20 years from the date of filing, but can be variable based on many factors, including development of new formulations of the original chemical, and patent infringement litigation. Drug Exclusivity: Exclusivity is the sole marketing rights granted by the FDA to a manufacturer upon the approval of a drug and may run simultaneously with a patent. Exclusivity periods can run from 180 days to seven years depending upon the circumstance of the exclusivity grant. Hope this helps clear up some confusion out there.
  2. Hello everyone, I have had many questions about when generic Azilect is coming out. I guess the best way to put it, now as we speak, is that just because a patent expires does not mean it will automatically go to generic. There are patent laws involved, as much as we may not like them, they are there for the brand name company to squeeze every dollar they can get. I found 2 terms that may make this a little easier to understand. I have posted them below, but as of today, I still have the release date of ABOUT FEBRUARY 2017. Here are the 2 terms used when it comes to patent law: TERM DEFINITION Drug Patent: A drug patent is assigned by the U.S. Patent and Trademark Office and assigns exclusive legal right to the patent holder to protect the proprietary chemical formulation. The patent assigns exclusive legal right to the inventor or patent holder, and may include entities such as the drug brand name, trademark, product dosage form, ingredient formulation, or manufacturing process A patent usually expires 20 years from the date of filing, but can be variable based on many factors, including development of new formulations of the original chemical, and patent infringement litigation. Drug Exclusivity: Exclusivity is the sole marketing rights granted by the FDA to a manufacturer upon the approval of a drug and may run simultaneously with a patent. Exclusivity periods can run from 180 days to seven years depending upon the circumstance of the exclusivity grant. Hope this helps clear up some confusion out there.
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