Patented Nanopharmaceuticals: A Hope for Patent Expired Formulations

Abstract

A lot of medicines are on their way to patent expiration but emergence of nanotechnology in medicines has revolutionized the pharmaceutical industry. Actually, Nano medicine is an exciting multidisciplinary field which involves understanding & application of drugs at the Nano-level. Unique & novel phenomenon is observed when particles are reduced to Nano dimensions. Development of novel nanopharmaceuticals & application of innovative techniques in drug industry needs to be protected. Patents are exclusive rights given to an individual to protect novel creations as a result of one’s intellect. A patentee is awarded certain exclusive rights by which conversion of intellectual creation to commercialization can be protected. As the companies gear up to go smaller in size to achieve better & much more effective Nano medicines, the PTO (Patents & Trademarks Office) strengthens its regulatory charter to tackle any contravention.