Thursday, November 24, 2011

Three Part Series on Patent Valuation Covered by IP Osgoode and Jurisdynamics


IP Osgoode, Jurisdynamics and BioLaw are covering our group's recent work on patent valuation as it relates to the complex innovation ecology for pharmaceuticals we have termed the regulated Therapeutic Product Lifecycle (rTPL).

Parts 1, 2, and 3 of the series highlight our recent empirical work on new and follow-on drug approvals, products, patents, patents listed on the patent register, as well as our new innovation index for qualitative patent valuation.

The series comes out ahead of a forthcoming book summarizing our group's research over the last four years, entitled Patently Innovative. The book is due out in late 2011 or early 2012.

The first piece in the series introduces the issue of patent valuation in the context of the regulated Therapeutic Product Lifecycle (rTPL) innovation ecology discussed in previous work on complex legal systems. The second introduces two methods we recently published in law reviews out of Boston and Santa Clara. The first describes a harmonized quantitative analysis of drug approvals, products, and patents and the second a novel qualitative innovation index for approval and patent valuation. In the third article of the series, the innovation index model is partnered with a cluster-based model of global drug development enabled by emerging and historical patent and innovation law and policy.

Innovation Incentives Part 1: Regulated Therapeutic Product Lifecycle

  • http://jurisdynamics.blogspot.com/2011/11/innovation-incentives-part-1-regulated.html
  • http://biolaw.blogspot.com/2011/12/innovation-incentives-part-1-regulated.html

Innovation Incentives Part 2: Patent Valuation

  • http://www.iposgoode.ca/2011/11/anovelinnovationindexforlifesciencesinventions/
  • http://jurisdynamics.blogspot.com/2011/12/innovation-incentives-part-2-patent.html
  • http://biolaw.blogspot.com/2011/12/innovation-incentives-part--part-2-patent-valuation

Innovation Incentives Part 3: Combining Patent Valuation with Product Cluster Models

  • http://www.iposgoode.ca/2011/12/patent-valuation-part-2-combining-the-innovation-index-and-product-patent-clusters/#more-14807
  • http://jurisdynamics.blogspot.com/2011/12/innovation-incentives-part-3-combining.html
  • http://biolaw.blogspot.com/2011/12/innovation-incentives-part-3-patent-valuation-and-clusters.html

I look forward to comments on the work. Cheers. R.

Saturday, August 6, 2011

Cover Art- New Book


The cover for the new book on pharmaceutical innovation is completed.

The book is entitled "Patently Innovative: How Pharmaceutical Firms Use Emerging Patent Law to Extend Monopolies on Blockbuster Drugs," and is set to come out at the end of 2012 or early 2013.

The original publisher was BioHealthcare Publishing Limited (Oxford UK).

UPDATE: Since 2013, the book is currently published by Elsevier. The book can be found in Elsevier's catalog at:

http://store.elsevier.com/Patently-Innovative/R-A-Bouchard/isbn-9781908818089/

UPDATE: A description of the book is found at: 
  • http://www.amazon.com/Patently-Innovative-Pharmaceutical-Monopolies-Blockbuster/dp/1907568123.

UPDATE: Reviews of the book can be found at:
  • Amazon.com: http://www.amazon.com/Patently-Innovative-Pharmaceutical-Blockbuster-Biomedicine/dp/1907568123 (by Dr. Albert I. Wertheimer, MBA, Ph.D. (Temple University School of Pharmacy).
  • Barnes & Noble: http://www.barnesandnoble.com/w/patently-innovative-ron-bouchard/1110928953?ean=9781907568121#
  • Gadade, D.D. Rapid Book Review: Patently Innovative-How Pharmaceutical Firms Use Emerging Patent Law to Extend Monopolies on Blockbuster Drugs. Asian Journal of Biomedical and Pharmaceutical Science. 3(20). 2013: www.jbiopharm.com/index.php/ajbps/article/viewFile/303/221‎ 
  • Lee, S.B. Book Review: Patently Innovative-How Pharmaceutical Firms Use Emerging Patent Law to Extend Monopolies on Blockbuster Drugs. Journal of Legal Medicine. 34(1): 149-155. 2013. http://www.tandfonline.com/doi/full/10.1080/01947648.2013.768509.

Tuesday, June 7, 2011

Kiva June 7 2011


Our beloved Golden Retriever Kiva passed away today of complications due to a tumor. He was 14 years old, and will be sorely missed by Ron, Pat, Rhael, Naomi and Zoe, as well as anyone else who was fortunate to come into contact with him.

Thank you to everyone who nurtured and cared for "The Beev."

Wednesday, June 1, 2011

Update on QIP-1 and QIP-2







I am pleased to announce that the two Qualifying Intellectual Property papers mentioned in an earlier post (QIP-1 and QIP-2) have been accepted for publication with U.S. law reviews as of June 1st.


QIP-1 is in press with the Boston University Journal of Science and Technology Law.

QIP-2 is in press with the Santa Clara Computer and High Technology Law Journal.



Friday, April 29, 2011

Intellectual Property Reform for Pharmaceuticals


New CMAJ Article

A policy paper on pharmaceutical innovation and its relation to intellectual property law written with two health economist colleagues, Paul Grootendorst (Toronto) and Aidan Hollis (Calgary), will be published in November 2011 in the Canadian Medical Association Journal (CMAJ).

The article is entitled "Canada's Pharmaceutical Intellectual Property Laws: The Case For Fundamental Reform."

The Abstract is:

  1. The regulations governing intellectual property protections for brand (innovative) drugs in Canada have generated a very large amount of litigation between brand and generic drug companies, costing over $100 million annually; these costs inevitably are passed on to drug plans and consumers.
  2. One reason for this is the complexity and legal uncertainty created by three different, yet intertwined legal mechanisms (the Patent Act, the NOC Regulations and the data protection regulations); another reason is that regulations have given brand and generic drug companies the tools to contest the period of market exclusivity.
  3. Recent provincial drug plan decisions to reduce generic prices to as low as 25% of the brand price may reduce the incentive for generic firms to contest market exclusivity, possibly resulting in longer exclusivity periods and higher costs to payers.
  4. One solution to these problems is to offer fixed periods of market exclusivity to innovative drugs; this would at once enhance investment certainty to brand firms, and markedly reduce litigation, as brand and generic firms would be less able to contest market exclusivity
The article is available on the CMAJ website and from the authors.

Measuring Intellectual Property



My group has completed two substantial empirical studies on innovation in the pharmaceutical sector. The ensuing articles are entitled:

"Qualifying Intellectual Property I: Harmonized Measurement of Drug Approval, Drug Patenting and Chemical Components."

The purpose of this study was to develop a harmonized method to collect, compare and quantify regulatory approval data from multiple cohorts of new and follow-on drugs that encompassed all drug classes enumerated, described and prioritized by domestic drug regulators. A secondary purpose was to go beyond simplified descriptors of new and follow-on drugs in the literature, and to categorize classes of new, line extension and generic approvals according to the nomenclature used by regulators themselves.

"Qualifying Intellectual Property II: A New Innovation Index for Pharmaceutical Products."

To date innovation is measured using almost exclusively using quantitative methods, particularly with regard to patents. However, even though quantitative models are widely considered to be problematic, a model that assesses patent value using qualitative methods has not yet emerged. Here, a qualitative innovation index is reported that may fill some of the gaps in patent valuation. An innovation index for pharmaceuticals is described that provides a measure of patent quality that is specific to pharmaceutical products. The index is based on regulatory preferences and evidentiary requirements for various types of new and follow-on drugs and yields a method that is not only graded incrementally but which reflects the social value of the products being valued.

The Articles are available on the journal websites.