AJ Patents

What is a Patent? 🔬📄

A patent is an exclusive legal right granted by the Government to an inventor or their assignee. Dating back to the 15th century, patents empower inventors to prevent others from making, using, or selling their invention without permission. 🛡️🧪

You can obtain patents for:
✅ New products or compositions
✅ Innovative processes or methods
✅ Improvements to existing inventions
✅ Chemical compounds & genetically modified organisms

📌 Patent claims define the legal scope of protection—they're your invention’s shield. 🛡️📑

Importance of Patents in Business Success 🚀💰

Patents aren’t just legal formalities—they are strategic business tools that drive growth, protect innovation, and enhance market value.

Case Study: Citalopram Success Story 🏆

🧬 Citalopram, an antidepressant, was first synthesized in 1972.
🔬 A Hyderabad-based pharmaceutical company developed a cleaner, high-purity process to manufacture Citalopram—eliminating impurities like 5- chlorocitalopram and desmethylcitalopram.
🛡️ They secured patents for this novel process in India and major global markets (US7365216B2).

Business Impact:
📈 Over 50% of the company’s revenue came from Citalopram sales
⚖️ The company won ₹95 crore in a patent infringement settlement
💸 In 2006, it was acquired by a U.S. firm for ₹3,424 crore (~$760 million)

🔍 Conclusion: Patents transformed a scientific breakthrough into a market-defining business triumph. 🌍📊💼