Single European patent spells good news for device industry
This article was originally published in Clinica
Medical device manufacturers are likely to see their patenting costs in the EU cut by half. At present manufacturers pay an average of E50,000 ($53,000) for patent protection in just eight countries of the EU. But proposed Community patent, on which the EU's Competitiveness Council has just reached a common political approach, would cut these costs to an average of E25,000 for the expanded EU market of 25 countries. This remains significantly greater than the average E10,000 cost of a patent in Japan or the US.