PATENT
Delhi High Court calls for regulation of trademark agents
Delhi High Court has directed the Controller General of Patents to create a code of conduct for trademark and patent agents due to misleading advertisements. The court emphasized the need to regulate agents and address complaints effectively.
China leading generative AI patents race, UN report says
Generative AI, which produces text, images, computer code and even music from existing information, is exploding with more than 50,000 patent applications filed in the past decade, according to the World Intellectual Property Organization (WIPO), which oversees a system for countries to share recognition of patents.
India issued one lakh patents in 2024, ten years back it was just 6000: Piyush Goyal
India has seen a significant rise in the number of patents granted, reaching around one lakh in 2024, a substantial increase from the 6,000 patents issued annually a decade ago, according to Union Minister of Commerce and Industry Piyush Goyal. The announcement was made during an outreach program with industry leaders and stakeholders in Hyderabad, Telangana.
Indian Pharma exports: 'USD 10 billion opportunity up for grabs in off patent drug market by 2029'
A senior official of the Pharmexcil said drugs such as Merck's Pembrolizumab (Keytruda) whose revenue were at USD 25 billion and Bristol-Myers Squibb's Eliquis (Apixaban)-USD 12 billion, among others would be off-patented in the next few years.
Infosys working on 225 GenAI programs for clients; enterprise AI will take years to unfold: Nilekani
At Infosys' 43rd annual general meeting, cofounder and chairman Nandan Nilekani talked of the nascent stage of the Generative AI revolution. He also said consumer AI will see rapid adoption but enterprise AI will take several years to mature and have a widespread impact.
Best Agrolife to launch new insecticide for resistant pests in July
Best Agrolife Ltd has obtained regulatory approval for its new patented insecticide formulation named Nemagen, designed to combat resistant pests causing significant crop damage. The company plans to launch Nemagen in July. According to Best Agrolife, lepidopteran pests such as borers have become resistant to existing insecticides, leading to substantial crop losses ranging from 30% to 50%.
Govt allows global tenders to access 120 key, patented drugs
In what could ease access to some patented medicines, the government has allowed global tenders to be floated for procurement of 120 drugs, including anti-diabetic medication Semaglutide, after the health ministry raised concerns over lack of domestic options.
US Supreme Court bars 'Donald Trump too small' trademark
The U.S. Supreme Court barred on Thursday a federal trademark for the phrase "Trump Too Small" - an irreverent criticism of former President Donald Trump - rejecting a California lawyer's claim that the trademark denial violated his constitutional free speech rights.
SLCM Group secures second Agri Reach application patent for real-time quality control monitoring in warehouses
SLCM acquires second Agri Reach patent for real-time quality control data monitoring in warehouses, bolstering agricultural ecosystem self-reliance.
Affle India is this week's top stock; why analysts are bullish
The management aims for over 20% revenue growth in 2024-25 and is optimistic about better pricing and margin improvement. Analysts expect the near-term pressure from developed markets to subside in the current financial year. Should you invest in Affle India?
Torrent Pharma signs non-exclusive patent licensing pact with Takeda Pharma for Vonoprazan
A 2019 study published by the Indian Journal of Gastroenterology revealed that the prevalence of GERD in the Indian population is around 8.2%, with a higher prevalence of around 11.1% in the urban population. According to AWACS MAT April 2024 data, the Indian market for treatments used in GERD is valued at Rs 8,064 crore, growing at 8% CAGR over the last four years.
How to navigate IP challenges in the rise of social media
While social media has created immense opportunities for engagement and expression, it has also raised a myriad of legal challenges, particularly concerning intellectual property (IP) rights including issues around content ownership, digital rights management, deep fakes etc.
WIPO treaty a big win for India & global south: Commerce ministry
India and the Global South celebrate a significant win with the WIPO treaty on intellectual property, genetic resources, and traditional knowledge. The treaty introduces a new disclosure requirement for patent applicants based on genetic resources, providing added protection to Indian resources and knowledge in countries without disclosure obligations.
Global pact on genetic resources, associated traditional knowledge big win for India: Govt
Members of the Geneva-based World Intellectual Property Organization (WIPO) have concluded an agreement that creates a mandatory disclosure requirement on the patent applicant, when a claimed invention is based on genetic resources.
WIPO concludes new treaty to protect genetic resources, traditional knowledge; India plays key role
Members of the World Intellectual Property Organization (WIPO) have reached an agreement mandating patent applicants to disclose the country of origin or source of genetic resources if their claimed invention is based on these materials or associated traditional knowledge. This treaty, adopted at a Diplomatic Conference in Geneva after two weeks of negotiations involving 192 countries and 86 observers, aims to protect Indian genetic resources and traditional knowledge from misappropriation.
Coromandel launches 10 new products to boost crop yields
Coromandel has partnered with Japan's ISK to launch Prachand, a patented product using Japanese technology to protect paddy crops from pests like stem borers and leaf folders that can cause up to 70 per cent yield losses. It has also developed a formulation to effectively combat fall armyworm, a highly destructive pest that damages up to 30 per cent of the corn crop annually in India.
Google celebrates 195 years of the Accordion's patent with musical doodle: Know history, significance and global influence
Google celebrated the 195th anniversary of the accordion's patent with a special doodle on May 23, 2024. The doodle featured a musical theme, integrating the 'Google' logo within the bellows of an accordion. Highlighting the instrument's German origins and its impact on various music genres, Google explained how the accordion gained popularity in the late 1800s and became a staple in folk, Cajun, tango, and Latino polka music. T
Microsoft hit with $242 million US verdict in Cortana patent lawsuit
Microsoft ordered to pay $242 million to IPA for infringing IPA patent with Cortana. IPA under Wi-LAN. Lawsuit filed in 2018. Microsoft denies infringement. IPA also sued Google and Amazon.
Delhi HC bars Natco Pharma from selling cancer drug Olaparib
The Delhi High Court has prohibited Natco Pharma from producing and selling the cancer drug Olaparib, marketed as 'BRACANAT' or under any other name, until further notice. The court's decision came in response to a lawsuit by Kudos Pharmaceuticals, which claimed that Natco was infringing on its patent for Olaparib. The court found Natco's challenge to the patent's validity unconvincing, leading to the injunction. Natco had sought to revoke Kudos' patent only after the lawsuit was filed, despite no previous opposition to it.
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