Singapore has become a major hub for IP-driven companies due to the suitable environment that it provides for the companies. Companies always look for a destination that has multiple benefits and has strong business environment. Singapore always fits in this domain and major industries and business seeks to establish their foot in Singapore capturing the market in the Asia-Pacific. Each business knows the importance of IP and the value that IP holds as an asset to the...
Categories
US-based Research Company, Ofinno, and Japan-based automobile major Honda have completed a large patent transaction, where Honda has acquired 100 high-value patents from Ofinno. These patents cover a range of technologies from cellular signaling to radio resource management.
[Image Source: gettyimage]
...
Intellectual Property has always played an increasingly significant role in today’s technology-driven industry. Patents are an important IP asset for an organization. Hence, the innovative strength of an organization subsequently can be measured through its patenting activities. Not only with the number of the patents, but the quality of the patent is what makes the corporation more demanding. Hence, it is always advised to have a strategic approach to obtaining...
The market is filled with technological inventions and with more competition; the value of IP has been on the rise. This increased value substantiates the reason for having effective strategic IP management. Primarily, now going into the perspective of Strategic IP management, various key factors can be found which dictate the management. A few of them can be: firstly, the...
The Standing Committee of the National People’s Congress in China introduced stricter punishment for IP infringement leading to up to maximum prison terms of seven to ten years, creating more significant criminal penalties. Concerning implanting gene-edited and cloned human embryos into humans and animals, the new Article 336(1) of the criminal law creates penalties for the same attempting to stop intellectual property theft.
...
Russia’s Supreme Court rejected US Company Gilead Sciences lawsuit challenging the Russian government’s decision for development and marketing anti-covid-19 drug Remdesivir with the consent of Gilead. Pharmasyntez, a Russian drugmaker has been granted a compulsory license by the Russian government to manufacture the drug under various names without Gilead’s consent.
...
India, along with eight other countries has been placed in the Priority Watch List for IP protection and enforcement by the United States. The countries are Argentina, Chile, China, Indonesia, Russia, Saudi Arabia, Ukraine, and Venezuela.
Special 301 Report and India
The Special 301 Report released by US Trade Representative (USTR) flags countries that form serious trade barriers concerning the...
Ending the legal battle in Germany, carmaker Daimler has agreed to pay royalties fees to Nokia for using its patent. This marks the end of the legal battle between the technologies and car companies over the payment of royalties.
Through licensing revenues, Nokia earns $1.7 billion each year. These royalties come from the usage of navigation systems, vehicle communication, and self-driving cars in the automobile, the patent of which is with the...
A patent infringement suit has been filed by Panacea Biotech Limited before the Delhi High Court for restraining Sanofi Healthcare India Pvt. Ltd. from marketing Hexavalent vaccine which will infringe Panacea’s patent for its fully liquid Whole-Cell Pertussis based fully liquid Hexavalent Vaccine, EasySix. The fight between Sanofi and Panacea has been since 2017 before the Indian Patent Office which...
The patent waiver proposed by India and South Africa and supported by various other countries has been revised proposing the temporary waiver to be for at least three years. This revision comes amid the uncertainty regarding the effectiveness of the vaccine for children and against new variants and was aimed to narrow down the scope of the waiver.
Making it ‘narrow’
The proposal that was...