From extending lifespan to bolstering the immune system, the drug’s effects are only just beginning to be understood.
Novel uses for existing and failed drugs may save companies time and money in bringing new therapeutics to market.
January 1, 2017|
PATENT VERSUS EXCLUSIVITY
Patents: Granted by the US Patent and Trademark Office (or an analogous agency in another country). Patents generally last for 20 years.
Exclusivity: Granted by the FDA upon drug approval. Exclusive marketing rights, which
range from six months to seven years, give a manufacturer sole promotion rights of a drug for a certain indication as an incentive for drug innovation and prevention of generic drug competition.
Off-label drug use: When a drug is used in a different disease, administered in a different
way or at a different dose than what has been specified in the drug’s label (based on clinical trial data reviewed by the FDA for approval). Any drug on the market can be prescribed on an off-label basis at doctors’ discretion.
Read the full story.