ICYMI: Voice of IP’s First Survey on State of USPTO
Share what you think & share with others: https://www.voiceofip.com/survey/685210
Show notes
Why does an $850 billion pharma company obtain only 50 patents per year?
Steve Caltrider, Chief IP Counsel at Dana Farber Cancer Institute, brings over 35 years of experience building valuable pharma patent portfolios and championing patent policies that promote innovation. Before Dana Farber, Steve rose to the role of General Patent Counsel at Eli Lilly. Steve has also served on the USPTO's Public Patent Advisory Committee and is currently the Chair of the ABA Section of IP Law.
In this episode, Steve shares the story of why and how he relied on data to reduce Eli Lilly’s patent portfolio, and explains why obtaining less patents is likely the better strategy for many large companies.
He also discusses the critical role of IP in getting medical innovations to patients, the potentially catastrophic impact of the administration’s march-in proposal, and his take on various developing patent policy issues.
Selected Topics
IP’s indispensable role in commercialization
Section 101 mess hindering development of diagnostics & potentially reducing drug costs
Data-driven patent strategies in the pharmaceutical industry
Impact of excessive USPTO fees on start-ups and smaller companies
How IP strategy differs at academic research institutions versus major pharmaceutical companies
Successfully navigating a career in patent law as in-house counsel
Role of outside counsel
Why all patent attorneys should pay attention to patent policy developments
Notable, Quotable
On the role of IP in ensuring that medical research reaches patients
“It’s roughly a billion dollars to develop that drug and actually make it accessible to patients as a drug. No one’s going to make that investment without IP. My role at the institute is to protect that discovery so that somebody will make that investment. Without the investment, it’s just going to sit in the laboratory and it’s not going to go anywhere and it won’t reach patients.”
On the impact of march-in proposal on non profits like Dana-Farber
“I’ve already had partners tell us: I’m willing to sponsor your research, I’m willing to help fund your research, but it can’t have any federally funded funding associated with it. Well, that can be catastrophic to us.”
ABA-IPL Chair’s Town Hall: Planning a Better Patent System
Register for “Session 6: How Far Can, And Should , USPTO Rulemaking Proceed in Addressing Issues of Double Patenting”: https://www.americanbar.org/groups/intellectual_property_law/events_cle/aba-ipl-chairs-town-hall/
Moneyball for Pharma Patents with Chief IP Counsel Steve Caltrider