The global pharmaceutical industry experienced a 22% decline in the number of Covid-19-related patent applications in Q3 2024 compared with the previous quarter. The total number of Covid-19-related grants dropped by 18% in Q3 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Pharma: Patents Trends Q3 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of Covid-19-related patent applications in the pharmaceutical industry was 699 in Q3 2024, versus 897 in the prior quarter.
The top five companies accounted for 5% of patenting activity
Analysis of patenting activity by companies shows that Regeneron Pharmaceuticals filed the most Covid-19 patents within the pharmaceutical industry in Q3 2024. The company filed 11 Covid-19-related patents in the quarter, compared with 6 in the previous quarter. It was followed by AstraZeneca with 8 Covid-19 patent filings, French National Institute of Health and Medical Research (7 filings), and University of California (6 filings) in Q3 2024.
Patenting activity was driven by the US with a 52% share of total patent filings
The largest share of Covid-19 related patent filings in the pharmaceutical industry in Q3 2024 was in the US with 52%, followed by China (10%) and Australia (4%). The share represented by the US was 14% higher than the 38% share it accounted for in Q2 2024.
For further understanding of GlobalData's Pharma: Patents Trends Q3 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
