Intellectual Property Scenario under COVID-19
by SGT University Best University in GurgaonThe
COVID-19 pandemic has demonstrated in numerous ways as to how collaborative
research benefits in a pandemic situation. As data is being produced, released
freely every day on pre-print servers and scientific journals which is proving
to be crucial to understand the biology of the virus which will further lead to
search and development of possible vaccines and drugs. Moreover, by one
estimate COVID-19 literature produced and published since January 2020 has
reached more than 23,000 papers and is doubling every 20 days. Promoting
unprecedented collaborative research is the first step towards endorsing of
voluntary patent pools, as discovery and research being publicly shared with
open-access resources which was earlier limited to only private institutions
which used to help researchers and scientist to work more efficiently with more
innovative ideas.
Patent
Pooling
A patent pool is basically an agreement between parties who are patent holders to
license their patented products and technology to each other or third parties
for the purpose of sharing their intellectual property rights.
Patent pools generally operate when there is a need to share mature and
complex technologies that require the use of patents which are held by the
other parties and cannot be successfully worked without infringing them. Although,
it is beneficial for having patent pools as they have an effect on innovation
and competitive behavior. It will also make the manufacturing of the
drugs/vaccines easy for the treatment of the virus. An example of a patent pool, Medicines Patent Pool (MPP) which is a United Nations-backed organization that was founded in 2010 based
in Geneva.
It seeks voluntary licenses from the patent holders of antiretroviral drugs to
create a pooled resource of patent innovations. Moreover, it plays a double
role in benefiting pharmaceutical innovators and taking care of public health.
Healthcare
patent pools generally involve setting up system which will facilitate sharing
of Intellectual Property and data for various intellectual property owners. The
power to grant the license to the third parties will be vested with the patent
pool administrator in accordance with the license terms. Moreover, the patent pool
will give an additional benefit of significant efficiency gain as it will allow
third parties to obtain a single license from the group of patents in the pool.
Conclusion
Sponsor Ads
Created on Jul 3rd 2020 06:01. Viewed 459 times.