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News and Noteworthy

Allergen sells Patent to Native American Tribe to Avoid Patent Dispute. Wait... What?!?

Momopoly
Oct 23, 2017

In September, Allergen, the pharmaceutical company that produces Restasis, announced that it would extend its for the dry-eye medicine patent by selling the patent to the Saint Regis Mohawk, a Native American Tribe. The tribe, located in upstate New York, would receive $13.75 million and claim sovereign immunity so that Allergen could  avoid a patent challenge brought by the United States Patent and Trademark Office.

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