The global pharmaceutical industry experienced a 2% rise in the number of artificial intelligence-related patent applications in Q2 2024 compared with the previous quarter. The total number of artificial intelligence-related grants rose by 11% in Q2 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Pharma: Patents Trends Q2 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 artificial intelligence-related patent applications in the pharmaceutical industry was 193 in Q2 2024, versus 190 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that Stanford University filed the most artificial intelligence patents within the pharmaceutical industry in Q2 2024. The company filed 6 artificial intelligence-related patents in the quarter, compared with 4 in the previous quarter. It was followed by Sana Biotechnology with 5 artificial intelligence patent filings, Chinese University of Hong Kong (4 filings), and NeogenTC (4 filings) in Q2 2024.
Patenting activity was driven by the US with a 30% share of total patent filings
The largest share of artificial intelligence related patent filings in the pharmaceutical industry in Q2 2024 was in the US with 30%, followed by China (24%) and Australia (4%). The share represented by the US was 9% lower than the 39% share it accounted for in Q1 2024.
For further understanding of GlobalData's Pharma: Patents Trends Q2 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.
