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S 2150 113th Congress Senate Commerce Health technology, devices, supplies Intellectual property Small business

Independent Innovator and Repurposing Act

Introduced: March 24, 2014 Introduced by: Blumenthal, Richard Democratic · Connecticut See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 24, 2014
Read twice and referred to the Committee on the Judiciary.
Mar 24, 2014
Introduced in Senate
 Plain-English summary Congressional Research Service

Independent Innovator and Repurposing Act - Establishes procedures under which the term of an unexpired patent claiming a method of using a biological product shall be extended for five years from its original expiration date.

Requires an application for such an extension to demonstrate that: (1) the patent was issued to an independent innovator, and (2) the owner of record is the independent innovator or a small business (with fewer than 500 employees and which is not affiliated with the holder of the marketing application approved under licensing requirements of the Public Health Service Act for the commercial marketing of such biological product) in which the independent innovator has an ownership interest.

Defines "independent innovator" as a person or entity that obtains a method of use patent for a biological product and is not, at the time of invention or patent filing, affiliated with the holder of an approved application for the commercial marketing of the product.

What's happening now March 24, 2014

Read twice and referred to the Committee on the Judiciary.

 Committees of jurisdiction 1