RE: Patent worth23 Apr 2024 21:10
Pjmcgra
The granted ILI patient will have a value, however this will pale into insignificance when compared to the value once SNG001 obtains authorisation.
Remember although the ILI granted patent has only approximately 6years left to run, once authorised there are two ways to extend this by means of application. These being via a SPC (Supplementary Protection Certificate) or Exclusivity.
1) SPC (Supplementary Protection Certificate) up to 5yrs + an extra 6 months for Paediatric use.
This requires SNG001 to be authorised before an application can be made.
2) The preferable one, ‘Exclusivity’, this again requires SNG001 to be authorised prior to an application being made.
Exclusivity can give additional protection for instance in the U.S. up to 12yrs, EU about to change from approximately 8years to 11years 6months.
Plus ‘’Exclusivity’’ affords greater protection (governmental) regarding possible future infringement.
In both cases the extensions are to compensate the patent owner/developer for the time taken in obtaining authorisation, (trials etc.)
However, the additional years if applied can never extend the original patent beyond its original lifespan which is 20years.
As an example, for ‘Exclusivity’ in the U.S. (up to 12yrs) if a drug is authorised with say 12yrs left on its patent life, exclusivity would only extend it back to 20years and NOT 12yrs plus 12yrs = 24yrs.
All in all, the SNG001 ILI granted patent has a healthy future once authorised plus with the potential patent extensions
will make SNG001 very attractive to BP if they’re not already.
Lastly, SNG have 2 patent applications in the pipeline for SNG001 these being: Covid and COPD/corticosteroid use.
They’ve been running the application/examination process for coming up to 4years now.
If all goes well with the applications and the eventual authorisation of SNG001 the future is bright imo.