Andre Frieden, Avendia Law Group, chaired the following session on intellectual property, licensing & valuation on the KM in Life Science & Pharma CoP (http://innovationwell.net/). Please visit the site to access.
Intellectual property protection, portfolio growth, and management and licensing strategies
Andre Frieden, Avendia Law Group
This extended seminar will cover the following topics:
1. Overview of intellectual property (IP) protection
a. Patents for Therapeutics and Diagnostics
- Statutory requirements
- Recent developments in basic U.S. patent law
- Standards for examination applied by the USPTO to biotechnology developments
b. Patents for Bioinformatics and other health care software-based tools and systems
- Statutory requirements
- Recent developments in basic U.S. patent law
- Standards for examination applied by the USPTO to biotechnology developments
c. Trade Secrets in Biotechnology related developments
- Coverage of legal protection (in contrast to patents)
- Requirements and procedures
d. Trademarks for certain health care / biotechnology products and services
- Statutory requirements
- Recent developments in basic U.S. patent law
2. IP Portfolio growth and management strategies
a. Building a patent portfolio
b. Coordinating the management of diverse IP assets
c. Options for growth
d. Patenting strategies and enhance commercialization potential
3. Licensing Strategies
a. Determining/releasing restrictions on licensing
b. Risk management in licensing patents and trade secrets
c. Licensing agreements - the basics
d. Special provisions of licensing agreements
Independent, third party Valuation including IP portfolio
Patrik Frei, Venture Valuation
a. Understanding the basics of valuation
What are the essentials of a valuation of a high growth company, starting with the assessment of the soft factors:
1) management, 2) market, 3) sciences and technology. Based on this analysis, a risk assessment can be done which provides the basis for the financial valuation of a project or a company. There are several methods we have a look at including DCF, market and transaction comparable, and VC method.
b. Impact of IP on the valuation of a company
An important part of the valuation process is looking at the science and technology components. Within this part, the intellectual property (IP) protection and possibility to protect innovation is very important. We look at how the IP impacts the valuation of a company.
c. Optimizing the value with focus on IP
With the information of how the IP impacts the valuation of a company, the next step is to look at the possibilities to optimize the valuation with regard to science and technology and specifically that based on IP.
Barry Hardy
Douglas Connect
www.douglasconnect.com
Knowledge Management in Pharma & Life Sciences CoP, innovationwell.net
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