patent right

noun

Definition of patent right

: a right granted by letters patent especially : the exclusive right to an invention

Examples of patent right in a Sentence

Recent Examples on the Web The pharmaceutical industry argues that licenses eviscerate patent rights, but advocacy groups say industry efforts to enforce intellectual property rights may come at the expense of patients who cannot afford increasingly costly medicines. Ed Silverman, STAT, "Pharma leaders shoot down WHO voluntary pool for patent rights on Covid-19 products," 28 May 2020 Despite the heavy subsidies, federal agencies have not asserted patent rights to Gilead's drug, potentially a blockbuster therapy worth billions of dollars. Author: Christopher Rowland, Anchorage Daily News, "Taxpayers paid to develop remdesivir but will have no say when Gilead sets price," 27 May 2020 For their part, drug makers argue licensing eviscerates patent rights and have successfully lobbied U.S. officials over the years to lean on countries that have pursued or considered licensing. Ed Silverman, STAT, "Ecuador becomes the latest country to eye compulsory licensing for Covid-19 products," 23 Mar. 2020 Germany’s parliament took that message to heart as part of a package to fight the virus, extending powers to suspend patent rights, a tool last used in the country in 1949. Susan Decker, Fortune, "Coronavirus crisis may bring out old tool in disease fights: suspension of drug patents," 2 Apr. 2020 As part of the decision, the drug maker will no longer enforce patent rights relating to adults or children. Ed Silverman, STAT, "AbbVie waives all worldwide restrictions on making generic copies of its Kaletra HIV pill," 23 Mar. 2020 There’s also a mechanism for pharmaceutical companies to enforce patent rights in China and provisions that obligate the government to crack down on piracy and counterfeit goods. The Editorial Board, WSJ, "A China Trade Relief," 15 Jan. 2020 The Department of Health and Human Services is suing Gilead Sciences over the patent rights to Truvada, Gilead’s HIV prevention drug better known as PrEP, or pre-exposure prophylaxis. Tim Fitzsimons, NBC News, "U.S. sues Gilead, claiming it owns HIV PrEP patent," 7 Nov. 2019 Proposals include allowing the government to undermine patent rights, opening the door for generic versions to be made. Randall Rutta For Cnn Business Perspectives, CNN, "Lawmakers want to lower drug prices. Their plan would end up harming patients," 20 Aug. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'patent right.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of patent right

1792, in the meaning defined above

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The first known use of patent right was in 1792

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Cite this Entry

“Patent right.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/patent%20right. Accessed 15 May. 2021.

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