The Sydney Science Park – An Exciting New Smart City Headed for Sydney’s West

Like something out of a science fiction movie, Celestino’s $5B Sydney Science Park is set to be a world-first in the scientific community. In partnership with private industry and universities, and driven by the new Aerotropolis, the park will be an international epicentre for scientific STEM (Science, Technology, Engineering and Mathematics) education and R&D and is set to be Australia’s …

WraysIndustry Insights, Insights

Common Patent Misconceptions

Many people, even those with significant experience with patents, harbour some misconceptions about the patent system, its advantages and risks. This article debunks a few of the more common mistakes. Only Genius Ideas Can Be Patented An invention need not be a genius idea to be patentable. An  Australian standard patent (which provides 20 years’  protection) requires that the invention …

WraysIndustry Insights, Insights

Richard Baddeley Builds Wrays Engineering & Technology Team

One of Australia’s leading Intellectual Property Law Firms, Wrays, has announced the hiring of Principal, Richard Baddeley. Richard joins Wrays after 31 years at Watermark and after Watermark was subsumed into the listed IPH Group of entities. This high-profile appointment is a coup for Wrays with Richard regarded as ‘a stalwart’ of the Intellectual Property Industry. Richard is the immediate …

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An Update on Data Exclusivity Protection in Australia

Data exclusivity is a significant form of protection to branded pharma in Australia, yet many companies may not be aware of the subtle differences that protection has compared to protection provided by other countries. In Australia, innovators enjoy data exclusivity protection by which certain information provided to the regulatory authority (the Therapeutic Goods Administration of Australia (TGA)) for the purposes …

WraysIndustry Insights, Insights

Grace Periods and Whole of Contents Under Australian Patent Practice

Australian patent law provides applicants with a ‘grace period’ in certain circumstances permitting disclosure of an invention prior to filing a patent application, provided a complete application is filed within 12 months of the disclosure. Recent decisions from the Australian Patent Office have held that this grace period applies to whole of contents disclosures filed prior to but published after …

WraysIndustry Insights, Insights

Strong Link Between IP Rights and Business Profitability

IP Australia has recently published the results of its first longitudinal research project on the impact of IP rights on Australian business profitability as part of its annual 8th edition of the Australian Intellectual Property Report 2020. The report can be found here. It is no surprise to Wrays that the study finds that ownership of patents, trade marks and …

WraysIndustry Insights, Insights

Commonwealth Fails in $325 Million Recovery Bid

Nicholas J has rejected the Commonwealth’s claim for damages in the long-awaited decision of Commonwealth of Australia v Sanofi (No 5) [2020], handed down on 28 April 2020 FCA 543. In this proceeding, the Commonwealth sought compensation for its payments under the Pharmaceutical Benefits Scheme (PBS) to subsidise Sanofi’s drug Plavix (clopidogrel). The Commonwealth argued that it had suffered a …

WraysIndustry Insights, Insights

TGA Update: Proposed changes to enhance transparency of the evaluation of prescription medicines in Australia

This paper considers the proposed reforms to generic and biosimilar medicine applications and the potential effect on pharmaceutical patent litigation in Australia. The reforms relate to greater transparency of information pertaining to medicines under evaluation by the Therapeutic Goods Administration (TGA). The reforms were published in February 2019 in the consultationpaper1. A total of 39 submissions received from government, industry …

WraysIndustry Insights, Insights

Professor Phil Hansbro: COVID-19

Professor Phil Hansbro: COVID-19 Join us as we chat with Professor Phil Hansbro from the Centenary Institute, a world-leading independent medical research institute in Sydney. Phil leads a team of scientists studying respiratory diseases, such as emphysema, asthma and lung cancer, and has been the recipient of several awards for his outstanding contribution to the advancement of knowledge in respiratory …

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