Monday, November 12, 2012

Viagra Patent Void in Canada

I think transparency is a wonderful thing. I am talking about Canada's Supreme Court ruling on November 08, 2012.  It had announced that patent 2,163,446 is void, meaning, the top court had stripped Pfizer of its patent for Viagra for insufficient disclosure.

The court explained that under Canadian patent rules an inventor must "properly disclose the invention and how it works" in order to be granted "exclusive monopoly rights" for it. It determined that the pharmaceutical company knew and did not properly divulge that sildenafil is the only compound in Viagra, out of several listed compounds, that induces penile erection in impotent males.

The court had explained that "the patent system is based on a 'bargain,' or quid pro quo: the inventor is granted exclusive rights in a new and useful invention for a limited period in exchange for disclosure of the invention so that society can benefit from this knowledge".

Teva Pharmaceutical Industries Ltd had sued Pfizer hoping to produce a generic version of Viagra before Pfizer's patent was due to expire in 2014. Teva had declared that it would start producing a generic version of the drug soon and that it will be "priced significantly lower than Viagra," which will result in "millions in savings to consumers" and "make this medication accessible to people who might otherwise not have been able to afford it."

More importantly, society benefits too. Big business must learn not to be greedy.

After Celtic’s midweek heroics against Barcelona, they were held at home by St Johnstone in a low-key contest. Tony Watt knocked Celtic in front on 51 minutes but their lethargy was too evident and Nigel Hasselbaink punished them with a lovely shot on the turn (77) to earn a point for the Saints.











The Reds also played Chelsea yesterday. John Terry took advantage of sloppy Liverpool defending to give the Blues the lead after 20 minutes, escaping easily from Daniel Agger to flash a near-post header beyond keeper Brad Jones. The Reds equalized when Luis Suarez headed in after Jamie Carragher flicked on Suso's corner (73). So Brendan Rodgers sacrificed a Europa League game to earn one point in this EPL match! Idiot!

No comments: