Indian patent office grants record 1 lakh patents in past year
New Delhi [India], March 16 (ANI): The Ministry of Commerce and Industry said on Saturday that the patent Office has granted an unprecedented one lakh patents within a single year. As per an official release, in the fiscal year 2023-24 alone, the patent Office received an all-time high of 90,300 patent applications. Show Full Article […] Key Points
ThePrintIndia to extend its global presence on pharmaceutical market with BRICS plus membership
The VIII International Conference on Antimonopoly Policy at Moscow's Skolkovo Innovation Center focused on enforcing competition laws in the pharmaceutical market. Representatives from Indian antitrust authorities expressed intent to support competition laws enforcement in information disclosure and patent regulation against global pharmaceutical monopolies. Key Points
Economic TimesGerman court suspends mRNA patent trial against BioNTech
A German court on Thursday put on hold a patent trial brought by German biotech firm CureVac (5CV.DE) against domestic rival BioNTech (22UAy.DE) over the use of mRNA technology in COVID-19 vaccines, weighing on CureVac's shares. Key Points
ReutersAutoStore and Ocado reach deal to settle patent litigation claims
Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday. Key Points
ReutersDelhi High Court turns down PepsiCo's appeal against revocation of potato patent
The U.S. snacks and drinks maker, which set up its first potato chip plant in India in 1989, supplies the FC5 seed variety to a group of farmers who in turn sell their produce to the company at a fixed price. Key Points
Economic Times
HC directs patent body to review Oppo’s plea
Calcutta High Court has asked the Controller of Patents, Designs and Trade Marks to evaluate Oppo's appeal against the rejection of its patent application within three months. Oppo challenged the decision under the provisions of the Patents Act, and the high court bench has referred the patent application back to the Controller. Key Points
mintPatents, Trademarks and Copyrights: How key forms of intellectual property protection differ from each other
Difference Between Patents, Trademarks and Copyrights: According to the FY22 annual report of the Office of the Controller General of Patents, Designs, Trademarks and Geographical Indications India (CGPDTM), the overall filing of applications for various intellectual property rights (IPRs) increased to 5.68 lakh in FY22 from 5.28 lakh in FY21, exhibiting an increase of 7.5 per cent. Key Points
FinancialexpressBudget 2024 expectations: India must continue its capex push, Ficci says in its recommendations
In the last budget, the capex outlay was raise by 37.4% to Rs 10 lakh crore. Latest GDP data also showed encouraging trends on capital formation. While these figures point to a strong growth trend, India should not divert its focus from pushing public spending, Ficci said in a pre-budget note. Key Points
Economic TimesPrices of drugs going off patent to be slashed to 50%
In case of Fixed dose combinations (FDC) where one component is going off patent the ceiling price will be revised by reducing the present ceiling price by 50%, it further said. According to the notification, the retail price of the new drug shall be arrived at by reducing fifty percent, it said. The Centre and the pharma industry had been working on a pricing mechanism for drugs that are going off patent for a year now. Key Points
Economic TimesUS patent Office won't review two Novo Nordisk patents for Wegovy, Ozempic
A U.S. patent Office tribunal on Monday rejected challenges to two key patents owned by Novo Nordisk (NOVOb.CO) covering the active ingredient in its weight-loss and diabetes drugs Wegovy and Ozempic brought by a generic drugmaker that is hoping to sell generic versions of the blockbuster medications. Key Points
Reuters
India proposes talks on gender equality, women in EFTA trade pact: Piyush Goyal
Earlier India had opposed the inclusion of non-trade issues like gender in its trade pacts. On Indias patent office, Goyal said: “About 1,000 new posts have been created in the IP office so that we have many many more controllers, so that we can clear patent applications. I am personally taking reviews to see how we can digitalise the entire IP ecosystem”. Key Points
Economic TimesGovt departments split as trade talks with European pharma firms hit last lap, patent key issue
Last month, at least two meetings were held between representatives of India & European Free Trade Association. The FTA with the 4-nation bloc is likely to be finalised this month. Key Points
ThePrintGovt departments split as trade talks with European pharma firms hit last lap, patent key issue
Last month, at least two meetings were held between representatives of India & European Free Trade Association. The FTA with the 4-nation bloc is likely to be finalised this month. Key Points
ThePrintAustralian AI chipmaker BrainChip up 11% on U.S. patent grant
Australia's BrainChip Holdings Ltd (BRN.AX) surged nearly 11% to mark its best day in six weeks after the advanced artificial intelligence chipmaker received a patent grant in the United States on one of its neuromorphic processors. Key Points
ReutersIntel wins US appeal to overturn $2.18 billion VLSI patent verdict
A U.S. appeals court on Monday threw out a $2.18 billion patent-infringement award won by patent owner VLSI Technology against Intel Corp (INTC.O), overturning one of the largest verdicts in the history of U.S. patent law. Key Points
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US Supreme Court rejects computer scientist's lawsuit over AI-generated inventions
The U.S. Supreme Court on Monday declined to hear a challenge by computer scientist Stephen Thaler to the U.S. patent and Trademark Office's refusal to issue patents for inventions his artificial intelligence system created. Key Points
ReutersWhen the Mercury space capsule was patented...
On June 11, 1963, the Mercury space capsule was patented and assigned to NASA. The patent was received less than a month after the last flight of Project Mercury had been carried out. A.S.Ganesh hands you the details about the Mercury space capsule… Key Points
The HinduUS Supreme Court rebuffs CareDx patent lawsuit over organ-rejection tests
The U.S. Supreme Court on Monday declined to hear a lawsuit by CareDx (CDNA.O) over organ-rejection tests made by Natera (NTRA.O) and Eurofins Viracor (EUFI.PA), turning down another request to revisit the contentious issue of patent eligibility. Key Points
ReutersApple wins reversal of $502 mln VirnetX patent infringement verdict
Apple Inc on Friday convinced a U.S. appeals court to throw out a $502 million verdict for patent licensing company VirnetX Inc in a long-running fight over internet privacy technology. Key Points
ReutersExplained | Bedaquiline, India’s anti-tuberculosis fight, and a patent battle
The Indian patent Office has rejected an application by Johnson & Johnson to extend its patent on bedaquiline, a drug used to treat drug-resistant tuberculosis. The rejection opens the door for drug manufacturers to produce generic versions of bedaquiline. Key Points
The Hindu
Xiaomi's smart ring patent hints at automatic size adjustment feature: All you need to know
Xiaomi's new patent suggests an intelligent ring that adapts its size using an elastic inner ring and springs, addressing common sizing issues. It could promise advanced connectivity and health-tracking features. Key Points
mintThe Inventor Behind a Rush of AI Copyright Suits Is Trying to Show His Bot Is Sentient
Stephen Thaler's series of high-profile copyright cases has made headlines worldwide. He’s done it to demonstrate his AI is capable of independent thought. Key Points
WIREDPrime Minister Modi applauds record number of patents granted in 2023-24
New Delhi [India], November 17 (ANI): Prime Minister Narendra Modi has expressed appreciation for achieving the highest-ever number of patents granted during the fiscal year 2023-24. In response to a post by Union Minister of Commerce and Industry, Piyush Goyal, the Prime Minister shared his thoughts on the accomplishment. Show Full Article PM Modi posted […] Key Points
ThePrintIndia to double manpower to process IP applications: Piyush Goyal
India's Commerce and Industry Minister, Piyush Goyal, has announced plans to double manpower for processing Intellectual Property (IP) applications in order to streamline the process and increase transparency. He also suggested initiating criminal proceedings against those who file frivolous pre-grant opposition. The Indian patent Office will hire an additional 900 people to handle the growing number of IP applications. Goyal also proposed the digitization of the Office of the Controller General of Patents, Designs, and Trade Marks to improve efficiency. Key Points
Economic TimesSony's latest patent of PS5 Controller features Earbud charging slots | In-depth insights
The patent underscores Sony's dedication to advancing gaming technology's frontiers. The envisioned controller is truly innovative, going beyond the conventional by providing not only a storage solution for earbuds but also a seamless method for pairing and synchronizing these wireless audio devices with the PlayStation 5. Key Points
Economic Times
What challenges do women face in protecting intellectual property rights?
The World Intellectual Property Day this year was dedicated to women. The Hindu explains the gendered aspect of intellectual property laws, social barriers that prevent women from entering the patent system and what legal safeguards are needed to protect authors, inventors and creators’ rights. Key Points
The HinduIPR laws facilitator, booster, and not barrier in process of research & development: FM
India is pushing for IPR laws to support research and development. Finance Minister Nirmala Sitharaman praises the government's efforts and highlights the consolidation of different aspects of intellectual property rights. The government has reduced fees and introduced schemes to encourage patent registration. Key Points
Economic TimesU.S. Supreme Court spurns Apple-Broadcom challenge to Caltech patents
The U.S. Supreme Court on Monday declined to hear a bid by Apple Inc and Broadcom Inc to revive their challenges to Caltech data-transmission patents in a patent infringement case in which the university's earlier $1.1 billion jury verdict against the companies was thrown out. Key Points
Reuters