Proactively manage your pharmacy inventory
Drug patents …
… from Kazakhstan to Kalamazoo
Manage your formulary budget
Deep knowledge on
small-molecule drugs and
the 110,000 global patents
Anticipate generic drug launch
Find generic entry opportunities
Flat-rate pricing for predictable budgeting
Short-term plans for project- or client-based billing
Pharmaceutical drug patents enable branded drug companies to prevent market entry by competitors until the patents expire.
The term of drug patents varies. The basic term for a patent is 20 years from the date of patent filing, which generally occurs several years before a drug is approved. This means that drugs may have 6-12 years of patent-protected sales after launch. There are conditions under which drug patents can be extended, for example to compensate for time spent waiting for Food and Drug Agency (FDA) review, or for responding to an FDA request for pediatric testing.
Drug patent expirations can also be used as a bellwether for the pharmaceutical industry — a rise, or fall, in the number of anticipated patent expirations can predict outcomes for branded pharmceutical companies, generic producers, and for healthcare payers.