We mean business
Comprehensive legal services for businesses
in New Jersey and New York
Best Lawyers | Best Law Firms | U.S.News & world report | 2021
Richard J. Lambert was named by Best Lawyers® as a 2021 Corporate Law “Lawyer of the Year.”

Best Lawyers® is the oldest and most respected peer-review publication in the legal profession. Only one lawyer in each practice area in a given community is honored as “Lawyer of the Year.”

comprehensive legal services for businesses

New Jersey’s Pfizer extends patent — expects to earn billions

When a company makes or invents a new product, they typically do so to make money from the invention. In order to keep others from profiting from their hard work, companies can apply for patents. A patent will prevent another person or company from making, selling or copying the product for a limited amount of time without permission of the patent holder. This way, the New Jersey business has exclusive rights to all profits from the product. Therefore, patents can be very valuable for a business for the time it is covered.

Recently, New Jersey based Pfizer has announced that the patent on one of its medications — the painkiller Celebrex — has been extended. The U.S. Patent and Trademark Office has granted a reissue patent on the drug in the place of a patent that a federal court had ruled invalid in 2008. According to Pfizer, the old patent had errors relating to which diseases the drug’s active ingredient, celecoxib, could help. These issues have been resolved in the new reissue patent.

Prior to the reissue patent, Pfizer’s patent was set to expire on May 30, 2014. This would have opened the door for other companies to sell a generic version of the drug. Now, the patent will not expire until Dec. 2, 2015. Pfizer is estimated to make billions of dollars because of the extension and its stock prices jumped by two percent following the announcement of the reissue patent’s approval.

As can be seen by this case, patents can mean big money for New Jersey businesses but they are not always easy to obtain or protect. In order to get a patent, companies must apply for them and meet rigorous standards set by the U.S. Patent and Trademark Office. With the right help, these applications can be approved and companies can use their intellectual property to their advantage.

Source: New Jersey Herald, “Pfizer painkiller gets longer patent protection,” Linda A. Johnson, March 5, 2013

Office Location

Dunn Lambert, LLC
1740 Broadway, 15th Floor
New York, NY 10019

Paramus Law Office Map

Dunn Lambert, LLC

New York Law Office Map

Phone: 551-228-2690
Fax: 201-957-0874

Best Lawyers | Best Law Firms | U.S.News & world report | 2021

GET ANSWERS from a firm
with a sense of business.


Review US
FindLaw Network