The work of inventing and creating formulas requires a great many hours of work to complete the equations and engineering that can create a new and innovate way to increase health and benefit productivity. Whether spending their time in a pharmaceutical lab or the engineering lab scientists that are developing the next generation of consumer technologies or medications for the cure of disease need to protect their work from being duplicated and produced by an outside entity. Taking the results of their labor to the office of a patent attorney, New York scientists and the companies that they work for can file the necessary paperwork to keep their innovations and inventions safe from counterfeiters.
By hiring a patents lawyer to process their findings and create a unique license for the creation of the next miracle drug or a handheld consumer electronics device companies and their executive offices that have spent countless hours and millions of dollars on research and development are able to keep their findings safe as the new innovations are taken to the marketplace. Earning the revenue that makes the company successful many large corporations hold a number of patents for the products that they have developed over the years.
When it comes to the pharmaceutical industry the need to protect the lab work and medications that are developed in secret can turn a $30 million investment into a billion dollar profit. Because of the testing and clinical trials that need to be conducted before a drug is approved for sale by the FDA the investment in the production of a single pill that can relieve pain or cure an illness can take up to 12 years to be ready for the consumer or prescription market. By filing for a protection of the formula with a pharmaceutical patent attorney the company that has patiently been developing a new product can ensure that a generic brand of the same medication is not available until the company has earned certain revenue from the development of the drug. Likewise a company that is developing new technologies can protect their investment by patenting the different advancements that are making their gadgets appealing to consumers.
With the assistance of a patent attorney New York companies are able to keep their next generation of innovation safe as they invest millions into research and development for their ideas that may revolutionize an industry. Showing that their work is at least 30% different than anything else in existence a patent must be accompanied by details of the differences or uniqueness of the formula or idea and have a schematic illustration of the design or makeup of the product that is being licensed. Taking many hours to write and prepare for the government patent office the work of an attorney is a vital component of the application process that can ensure the successful acquisition of the right to keep the formulas and technological advancements protected from copycats and competing companies.