The Impact of Patent Timing
Prior to marketing a biopharmaceutical composite, many years and significant financial resources go into research, clinical trials and regulatory approval. As such, when a promising composite is identified, we must find the means to protect it in order to prevent others from using it. The patent is one of those means. But how do we determine the best time to file a patent application? To illustrate this idea, let’s take the example of BioRespire, a fictitious SME specialized in biotechnologies.