Rite Aid has a total of 37 patents globally, out of which 16 have been granted. Of these 37 patents, more than 40% patents are active. The United States of America is where Rite Aid has filed the maximum number of patents, followed by Canada and Europe and it also seems reasonable as the biggest market for Rite Aid is USA. Parallelly, USA seems to be the main focused R&D center and is also the origin country of Rite Aid.
Rite Aid was founded in 1968, Rite Aid is on the front lines of delivering healthcare services and retail products to more than 1.6 million Americans each day. Rite Aid has more than 2,400 retail pharmacy locations across 18 states. The company also owns Elixir, a pharmacy benefit management company that serves approximately 4 million members nationwide. As of January 2022, Rite Aid has a market cap of $718.33 Million.
Do read about some of the most popular patents of Rite Aid which have been covered by us in this article and also you can find Rite Aid patents information, the worldwide patent filing activity and its patent filing trend over the years, and many other stats over the Rite Aid patent portfolio.
How many patents does the CEO of Rite Aid have?
The CEO, Heyward R. Donigan have 0 patents.
How many patents does Rite Aid have?
Rite Aid has a total of 37 patents globally. These patents belong to 14 unique patent families. Out of 37 patents, 15 patents are active.
How many Rite Aid patents are Alive/Dead?
How Many Patents did Rite Aid File Every Year?
Are you wondering why there is a drop in patent filing for the last two years? It is because a patent application can take up to 18 months to get published. Certainly, it doesn’t suggest a decrease in the patent filing.
|Year of Patents Filing or Grant||Rite Aid Applications Filed||Rite Aid Patents Granted|
How Many Patents did Rite Aid File in Different Countries?
Countries in which Rite Aid Filed Patents
|United States Of America||20|
Where are Research Centers of Rite Aid Patents Located?
10 Best Rite Aid Patents
US20140330579A1 is the most popular patent in the Rite Aid portfolio. It has received 374 citations so far from companies like Ethicon, Cilag Gmbh and Abbott Medical Optics.
Below is the list of 10 most cited patents of Rite Aid:
|Publication Number||Citation Count|
What Percentage of Rite Aid US Patent Applications were Granted?
Rite Aid (Excluding its subsidiaries) has filed 14 patent applications at USPTO so far (Excluding Design and PCT applications). Out of these 8 have been granted leading to a grant rate of 72.73%.
Below are the key stats of Rite Aid patent prosecution at the USPTO.
Which Law Firms Filed Most US Patents for Rite Aid?
|Law Firm||Total Applications||Success Rate|
|Fay Sharpe Llp||4||75.00%|
|Ropes & Gray Llp||3||100.00%|
|Michael Paul Dunnam||2||0%|
|Troutman Pepper Hamilton Sanders||2||50.00%|
|Morgan Lewis & Bockius||1||0.00%|
|Steven J Rocci||1||0%|
Rite Aid’s “Stores of the Future” revolutionize the classic drug store experience by bringing pharmacists out from behind the counter and into the open, enabling them to be easily accessible to offer advice to customers.
“Rite Aid is a business in the midst of a turnaround and it is time for a radical change – our RxEvolution,” said Heyward Donigan
Rite Aid’s strategy for evolving the business and revitalizing the brand will focus on innovation in three areas:
- Becoming the dominant mid-market PBM:
- Unlocking the value of Rite Aid’s pharmacists
- Revitalizing Rite Aid’s retail and digital experience
Rite Aid believes its RxEvolution will deliver meaningful value with a disciplined approach to investments and a focus on initiatives that will generate the greatest return.
Rite Aid looks to a digital future and going to expand their business
Rite Aid operates 2,400 drugstores in 18 states. The revamped stores, some of which will open this month, will feature a pharmacy that looks more like an Apple Store Genius Bar, virtual care rooms that will enable consumers to remotely connect with care teams and a new assortment of products with a focus on both traditional medicine and alternative “remedies” like essential oils, Peters said.
“It will be a completely different experience than any other retail pharmacy in the market,”
EXCLUSIVE INSIGHTS COMING SOON!
What are Rite Aid’s key innovation segments?
What Technologies are Covered by Rite Aid?
The chart below distributes patents filed by Rite Aid in different countries on the basis of the technology protected in patents. It also represents the markets where Rite Aid thinks it’s important to protect particular technology inventions.
R&D Focus: How Rite Aid search focus changed over the years?
EXCLUSIVE INSIGHTS COMING SOON!
Interested in knowing about the areas of innovation that are being protected by Rite Aid?