Monday, March 4, 2013

Blog #8: What the Dietary Supplement Industry Needs to Know About the New U.S. Patent Laws


What the Dietary Supplement Industry Needs to Know About the New U.S. Patent Laws

                          

This article discusses the recent changes in US Patent law and how it will affect the Dietary Supplement industry. The biggest change is that the first-to-invent system is no longer in effect. This system supported whoever invented the idea first. However, this has now changed to whoever files for a patent first gets the patent. This is huge given the nature of the Dietary Supplement Industry and how rapid it changes. It is very rare that people file for patents.

What is very interesting about this is how this patent law is currently affecting other industries and the implications this could have for the tech industry. I am not sure how this will end up affecting the tech industry, I plan on asking in our class about that. I imagine companies will have to be much more on top of their business and register patents and reveal their plans much earlier. 

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