The Importance of Branding in Life Sciences, Healthcare and Precision Medicine

It is also very difficult to own these brand names effectively, because the trade mark authorities are generally reluctant to allow any one entity to monopolise descriptive terms (on the basis that they should be free for all to use). Choosing a distinctive brand name (i.e. a word that alludes to the nature of the good/services, or that is totally made-up) will allow you to stand out in what is an extremely competitive environment. It will also help avoid costly (in terms of lost business) and potentially dangerous instances of consumer confusion. Finally, you should find it easier to take action against copycats and others looking to trade off the back of your reputation if you have chosen a strong, distinctive trade mark as opposed to one that is generic or descriptive.

 

Tip No. 2: Check that your brand name is available for use

Once you have a brand name in mind, you should establish whether it is free for use before you commit to it. To do this, in addition to conducting the usual Internet searches, you need to conduct a thorough search of the trade mark registers to see whether there are any third party registrations for the same brand name, or a confusingly similar one. A chartered trade mark attorney can assist you with this. If there are any potential issues, it is better to address them as early as possible – so that you can alter your brand name, or choose a new one, before it becomes prohibitively expensive to do so. It is important to bear in mind that ownership of a company name does not give you an automatic right to use that name in commerce.

 

Tip No. 3: Consider registering your trade mark

Trade marks can exist in a registered and unregistered form. 

 

Unregistered trade mark rights rely on common law rights, known as passing off. These exist where you have been using a name or sign and have become well-known. However, it can be difficult to show that a particular mark is recognised as being your trade mark.  

 

Given the fast moving nature of these sectors and the potential consequences of public confusion arising, it is important that you are able to move quickly to shut down others using your mark a similar one in a confusing manner. If a trade mark is registered, there is no need to prove you own it; giving you a strong tool to use against others who might use something similar.  

 

Tip No. 4: Monitor the market and the trade mark registers 

Given the importance of building trust in these sectors, it is important that you act quickly when instances of confusion arise, or better still, you are able to prevent them from arising in the first place. Monitoring the trade mark registers for applications for conflicting brand names will allow you to object to confusingly similar applications and prevent them from registering. You can also seek to prevent those brand names from being used on the market, or for use to cease if it has already begun.

 

Conclusion

To summarise, choosing the right brand and policing it effectively is vital in the fields of healthcare, life sciences and precision medicine because it will enable you to build trust in your brands in industries where trust is clearly of the utmost importance.  

 

Adopting and following a sound trade mark strategy is the best way to ensure that your brands are adequately protected and that you are in the best position to take action against those that would seek to trade off the back of your hard earned reputation.