Today is World IP day and to mark the occasion The Times newspaper has released a 20-page supplement covering topical issues in the Intellectual Property (IP) world. The report, produced by Raconteur in partnership with INTA and CIPA, covers a broad range of topics including the impact of Brexit on IP rights, legality of patent protection for computerised inventors and the correlation between spending on R&D, the number of patent filings and national economic growth.
The modern phenomenon of NPE’s (Non-Practising Entities) known colloquially as “patent trolls” is also discussed and their impact on a company’s ability to innovate, operate and succeed highlighted.
The final article covers the special importance that IP rights and patent protection holds for the pharmaceutical industry, where bringing a product from idea to market is extremely expensive, time consuming and has a high rate of failure across each stage of the process. Hence, the 20 year monopoly which a patent provides is critical for them to recoup their investment.
The full supplement can be found here.