The Group may fail to obtain, maintain, enforce or defend the intellectual property rights required to conduct its business
The Group's success depends upon its ability and the ability of its partners and licensors to protect their intellectual property rights. Where possible, the Group's strategy is to register intellectual property rights, such as patents and trademarks. The Group also relies variously on trade secrets, unpatented know-how and technological innovations and contractual arrangements with third parties to maintain its competitive position.
Patents and patent applications covering a number of the technologies and
processes owned or licensed to the Group have been granted, or are pending in
various countries, including the US, Canada, major European countries and
Japan. The Group intends to enforce vigorously its patent rights and believes
that its partners intend to enforce vigorously patent rights they have
licensed to the Group. However, patent rights may not prevent other entities
from developing, using or commercializing products that are similar or
functionally equivalent to the Group's products or technologies or processes
for formulating or manufacturing similar or functionally equivalent products.
The Group's patent rights may be successfully challenged in the future or
laws providing such rights may be changed or withdrawn. The Group cannot
assure investors that its patents and patent applications or those of its
third party manufacturers will provide valid patent protection sufficiently
broad to protect the Group's products and technology or that such patents
will not be challenged, revoked, invalidated, infringed or circumvented by
third parties. In the regular course of business, the Group is part
|SOURCE Shire Plc|
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