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and for future value as we continue the development of our clinical assets NCX 470 in glaucoma and NCX 4251 in blepharitis.” Latanoprostene bunod, the pharmaceutical active ingredient in VYZULTA, was invented and patented by Nicox, and is the first product from the company’s proprietary nitric oxide-donating research platform to be approved for commercialization. Under the patent restoration provisions of the Drug Price Competition and Patent Term Restoration Act of 1984 (also known as the “Hatch-Waxman Act”) certain patents for pharmaceutical products in the U.S. may be extended by up to 5 years once product approval from the FDA has been obtained. ....
To print this article, all you need is to be registered or login on Mondaq.com. Twelve years from the third amendment of China s patent law, the fourth amendment was approved by the Standing Committee of the National People s Congress on October 17, 2020. The new amendment will take effect on June 1, 2021. This article provides a detailed review of the changes from the current patent law. Enhanced Protection of Patent Rights The first aspect of changes relates to enhanced protection of patent rights. Specifically, it includes punitive damages, increased statutory damage, reversed burden of proof, increased fine for passing‐off, and extended time limit for initiating ....