The Annual Report (Page 17) highlights Phosphagenics' strong IP. Note the date of patent expiries. Key patents relating to TPM patch delivery expire in late 2031. Therefore, if TPM/Oxycodone patch is ready to launch in 2014, as suggested in the latest Bell Potter Report, the lucky licensee would enjoy 17 years of patent protection.
Compare this with acquiring a new drug. As the 20 year patent clock starts ticking from the time of lodgement of patent, the relatively long time that it takes for a new drug to complete all necessary trials and wait for FDA approval means that the "patent shelf life" of new drugs can be as little as 8-12 years.
Which, IMO, makes investment in the TPM patch a hugely attractive proposition for a Big Pharma compared with a (risky) investment in a novel drug.
The Annual Report (Page 17) highlights Phosphagenics' strong IP....
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