Chemical and pharmaceutical companies protect their investment in research and development and the future of the companies by securing patents on their inventions. Success or failure of the company often depends on the strength of the patent or in its ability to resist competition.

Recently, the United States Patent and Trademark Office proposed changes to the way patents will be processed with a view to reduce patent Examiner’s work load. These changes could drastically limit the company’s ability to secure strong patents. Under the current practice, if the company is not happy with the Examiner’s refusal to grant a patent, the company can file one, two, or more continuation patent applications so that additional exchanges can take place between the applicant and the Examiner.

Pharmaceutical research is one of the most valuable industry domain, as it is directly associated with human health. Pharmaceutical industries put lots of efforts in terms of cost, time and labor to develop a single blockbusting drug. This innovator companies, and then gets a patents protection and exclusive right to sell the drug as long as the patent is in effect. Basic understanding of the generic drugs and brand name is essential to know how the pharmaceutical business. Every drug has two given names: