FLASH!!! Lamictal Gains FDA Approval for Treating Bipolar Disorder!
Apparently it is a bit more complicated than a flat 20 years from the
date of the first filing of the drug patent:
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3. What is the maximum amount of time that the patent can be extended?
A maximum of 5 years can be restored to the patent. In all cases, the
total patent life for the product with the patent extension cannot
exceed 14 years from the product’s approval date, or in other words, 14
years of potential marketing time. If the patent life of the product
after approval has 14 or more years, the product would not be eligible
for patent extension.
================================================== ======================
Since the patent filing date precedes the FDA approval date usually by
many years (more than 6), IMO it is this 14-year marketing period
(before a generic can be brought out) which is the likely relevant time
period.
If my recollection is correct, this 14-year marketing period used to be
a much more reasonable 7 years. So once again WE HAVE BEEN SCREWED BY
THE GOVERNMENT!!!
I just noticed that the above URL has "smallbiz" in it. Surely Pfizer
cannot be considered a small business??? Do big pharmaceutical companies
have the same protections as small ones?
James - The Cheated
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