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Changed Scenarios: Filing Patent Applications During COVID-19

With the government taking the center stage along with FMCG, Pharma and Medical devices companies are trying to eradicate the spread of the killer COVID-19. With the hand wash and sanitizer systems, FMCGs are the frontline contenders in the market while the focus of the medical devices companies is on the protection devices as well as the diagnostic systems.

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Changed Scenarios: Filing Patent Applications During COVID-19

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  1. Changed Scenarios: Filing Patent Applications During COVID-19 The Current Storyline The world has been taken by a storm and the global pandemic has created a catastrophe in the lives of people. In such a critical phase, each and every industry is putting in efforts to overturn the impacts caused by the spread of the deadly coronavirus. And this is apparent from the rapid increase in donations starting from masks, sanitizers, ventilators, and many more life-saving drugs. With the government taking the center stage along with FMCG, Pharma and Medical devices companies are trying to eradicate the spread of the killer COVID-19. With the hand wash and sanitizer systems, FMCGs are the frontline contenders in the market while the focus of the medical devices companies is on the protection devices as well as the diagnostic systems. The Pharma companies are researching on identifying the potential vaccine candidates and at the same time trying to re-assess the potency of the existing antiviral drugs that are already tested for Ebola, SARS, and HIV, for their potential use in COVID-19 cure. Image source: ​Google

  2. What are the opportunities? The global pandemic has turned out to a game-changer for many industries. Everyone has adapted to the current business environment whether it is the small scale industries or the large scale industries. We can clearly see a maximum number of new products being launched in the market ranging from hand sanitizers, surgical masks to personal protective pieces of equipment, different Ayurveda products. And just not that, also the tech apps and products for the detection of the spread of COVID-19. One of the well-known examples can be taken as the textile and fashion industry that has adapted to the current situation and has taken the most advantage out by producing protective aprons and different kinds of face masks, etc. Along with that, the research institutions, universities, and individual inventors are also putting in their best efforts for the prevention of COVD-19 spread. On one hand, where the universities and research institutions are highly involved in the research for bringing new chemical entities, diagnostic pieces of equipment which include rapid test and diagnostic kits; on the other, the inventors are also approaching with the traditional treatment products and sanitizing compositions, etc. for the prevention of the virus. What is the importance of protecting the inventions? If not today, then tomorrow there will be a cure for the COVID-19 pandemic, for sure! Nevertheless, the major impact of this global pandemic has been on the lifestyles of people that are sadly expected to stay for a very long time. During this revolutionary time, when the organizations, corporations, and inventors should majorly focus on filing the ​patent searching and applications rather than focusing on the research and marketing of the products. Undoubtedly, the innovations that are made during such difficult times may become the biggest asset to the researchers and also prove to be priceless aftermath of the catastrophe. And amid this time, patent applications will prove to be a rescuer for all the organizations or companies or researchers.

  3. Patenting is not always a rapid process and it certainly has its own limitations and timelines. However, the meaning of protecting an invention is not always filing the protection complete invention but it is acquiring the priority of the invention. This means that filing the provisional application for the inventive concept at the conceptual stage. And for convenience, filing a provisional application will not only give us a timeline of 12 months for coming up with the full specification but it will also help in reducing the cost of filing a patent for almost one year. And this means abandoning the application in case of a prior-art, or maybe exploring the commercial viability of the invention. What are the other Intellectual Property Protection Mechanisms? There are a myriad number of budding inventors and companies with limited resources who are trying to explore their foray in the newer markets just like the companies that are currently into the manufacturing of face masks, personal protective equipment, sanitizing products like hand sanitizers, diagnostic kits and many more. For the vital growth of the business and marketing of the products, it’s just not the patent protection that holds importance, but the Trademark protection and company registration are equally important. These are all that legally protects the product or invention from being used by anyone else without the permission of the source company.

  4. Image source: ​Google Key takeaways After the pandemic gets over, the same companies will be needed to focus their attention on stimulating the economy and lending a hand in helping us bounce back. And for some companies, this will be utilizing the innovations that they created during the global pandemic. Currently, a company's ability to capitalize on its inventions is quite often tied to its patent portfolio. Filing a patent application is probably not at the top of most companies' priority list right now, and especially the companies that are operating with limited resources. Therefore, it's a good idea for all the companies to seek counsel from the starting of the patent application process. We agree to the fact that this may not seem feasible at the current moment, but there are some relatively inexpensive steps that companies can take, maybe on their own if it’s needed, so as to preserve the potential patent rights, like filing a provisional patent application. In this blog, there is the answer to three common questions related to provisional applications.

  5. Here are the top claims of patent protection (Patent filing application) along with trademark protection and company registration which are essential for any invention or product. So, if you are searching for a certain kind of consultation or help for your claims or petitions, then 4A IP Solution assures you ‘The Right Lawyers’. You can completely rely on us as we approach you with a powerful team of experienced attorneys that deal with all the Intellectual Property Legal Solutions ensuring you the right guidance at every step. We’re located in 6 cities of India to help you bring out of any of the clashing deals. Give us a chance for the ​best corporate lawyers in India and no doubt you’ll say that you worked with the best of all.

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