%0 Journal Article
%T Use of patent term extensions to restore regulatory time for medical devices in the United States.
%A Kuo CB
%A Richmond F
%J Expert Rev Med Devices
%V 0
%N 0
%D 2024 Jun 3
%M 38831711
%F 3.439
%R 10.1080/17434440.2024.2363298
%X <B>UNASSIGNED: </B>Medical devices can seek patent term extensions (PTEs), which extend market exclusivity to compensate for delays related to clinical trials and regulatory review. Pharmaceutical companies commonly use PTEs, but their use by medical device companies has not been clear.<BR><B>UNASSIGNED: </B>We examined the use of PTEs by medical device companies between 1984 and 2024 using a database published in the Federal Register and a list published by the Patent and Trademark Office.<BR><B>UNASSIGNED: </B>Only 178 medical device submissions were linked to a PTE application. They were mostly concentrated in 116 product codes associated with 15 medical specialties; nearly half were associated with cardiovascular devices. Numbers increased significantly in the past decade. Successful applications restored 987 days on average.<BR><B>UNASSIGNED: </B>The patent restoration opportunity appears underutilized. It is unclear whether some companies do not recognize the opportunity it promises, or whether it does not meet their needs. Different business features and marketing strategies in device versus pharmaceutical industries may decrease the usefulness of the PTE program for these types of medical products. However, the finding that a small subset of manufacturers operating in competitive markets adopted patent extension strategies more commonly suggests a significant competitive advantage when competition increases.