preview

Case Study Of Colgate-Palmolive Case

Decent Essays

The rejection of this patent by the European Patent Office comes as a major milestone in the Intellectual Properties legal space. There are direct short term and long-term implications on the future of international patenting laws and the related stakeholders.

1.13 Impact on Colgate

For a start, Colgate-Palmolive are struck with quite a blow, losing their chance to patent the formula, which has a direct impact on their product and market strategy. The company’s plan had been to ride on the success of the mouthwash formula to gain a competitive advantage over other players, which has been foiled now. Colgate-Palmolive will now have to think of some alternative and innovative strategy to keep its hold over the mouthwash segment of the oral care market. This patent if granted would have allowed Colgate to introduce some new variety to its mouthwash product portfolio and cater to the increasingly health conscious consumers.

1.14 Impact on Other Companies

This judgment also serves as a deterrent for any third party to blindly copy the traditional Indian recipes, and make profits on an already used medicine. Not only India, but many civilizations had their own traditional healing methods and formulas, which are still being used in places around the world. Multinationals will always try to capitalize through such methods, and a case like this will …show more content…

With increasing globalization, patent laws also need to be globalized. Companies have always been trying to patent some inventions from other parts of the world. But in this information age, the old habits cannot be allowed. Although an Indian formula, Colgate-Palmolive filed the patent in the European Patent Office. There needs to be an international forum, where patents from all over the world are filed and scrutinized together, rather than some companies trying to patent knowledge in one part of the world, and making profits in another

Get Access