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August 2015 Archives

Lilly wins another court battle against Teva over Alimta

California investors may have heard that a U.S. court has ruled that Lilly has intellectual property protection for the drug Alimta until 2022. The decision is the latest win for the drug manufacturer in its long-running patent battle with rival Teva over the popular lung cancer drug.

Court case emphasizes importance of contractual details

In negotiating a contract, a California business owner may find that an agreement with a subsidiary of a company should also involve that entity's parent company as a party to minimize the potential for issues such as breach of contract. A recent case that reached the U.S. Court of Appeals for the 7th Circuit involved a suit against a parent company that was not a party to the actual contract in question.

The importance of IP protection for startup companies

California is home to some of the nation's most innovative companies, and their success is often based largely on their intellectual property. Studies have found that intangible assets account for most of a company's value, and for businesses just starting out, such assets are often the difference between success and failure. Startup businesses often find it difficult to qualify for conventional financing, and they may also have a difficult time getting venture capitalists to back them if they have not taken adequate steps to protect their intellectual property.

Social media posts may be protected under copyright laws

Many businesses in California use social media to promote the products and services that they offer to customers. Although it is very common for Twitter and Facebook users to repost social media content, business owners may be able to protect their posts from redistribution. Intellectual property laws such as the Digital Millennium Copyright Act have been used to prevent social media users from passing off someone else's content as their own.

Facebook prevails in IPO lawsuit

California is home to many of the world's most innovative technology companies, and investors are often eager to purchase shares when a Silicon Valley icon holds an initial public offering. Facebook grew from humble beginnings to become a social media giant, and its May 2012 IPO saw the firm's market value surge to over $100 billion. Facebook was the biggest IPO in Internet history, but some investors soon soured on the Menlo Park company.

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