Pharmaceutical companies that rely on top researchers to develop new drugs often prefer to patent their innovation in multiple countries. Since investing in research and development in the pharmaceutical industry is often very costly, the firms often need to earn profits from international markets to break even. Before they can enter any market it is important for the entity to seek patent translation services for all the paperwork that their country of interest requires. Failure to comply with the intellectual property laws of the country may result in the rejection of their application for a patent. In such cases the company incurs losses as competitors copy their drugs without compensation or proper licensing. Therefore, finding the right patent translation services provider and a professional to double check the documents the company is planning to submit matter a lot for any party that is serious about protecting its rights in foreign countries.
For example, Oramed Pharmaceuticals Inc is an Israel-based company that has received patent in Russia for a system it developed in oral delivery of a drug. Since this organization’s researchers conduct their studies in Hebrew they had to translate the patents and forms before submitting them to authorities in that country. Translators who are fluent in both Hebrew and Russian and have extensive experience translating documents related to biotechnology can assist companies like Oramed that are looking for patent translation services. Russia’s Federal Service for Intellectual Property approved patent protection for Oramed’s invention, which is called “Methods and Compositions for Oral Administrations of Proteins”. The services of translators who diligently translate lengthy and complex patents enable pharmaceutical companies to protect their rights when they enter a foreign market.
The technology that Oramed has developed can significantly enhance patient outcomes. Without patent translators the drug’s application would probably be limited to the domestic market. The researchers would have been hesitant to enter foreign markets knowing their intellectual property rights could not be protected due to language barriers. Oramed Pharmaceuticals Inc focuses on innovative delivery solutions for vaccines. Its developments are based on years of research by reputable research scientists in Jerusalem. Professional translation services have been necessary for this Israeli company to achieve its goal of revolutionizing the treatment of diseases in Russia as well as several other countries. By submitting the Russian translation of its patents to the appropriate party in Russia and sending other relevant documents Oramed’s drugs reached a new market. Patent translation services providers have played a key role in helping Oramed introduce the newly developed drugs into the Russian market.
