The Pharmaceutical industry has always been a leader in partnering with academia, start-ups, biotechs and other large pharmaceutical companies to research, develop, distribute and resell lifesaving medicines worldwide. They have been doing this with great success and double-digit growth for over 50 years, and other industries are (finally) starting to take notice. The pharma industry has always taken the approach that “not invented here” should not be an obstacle in finding new novel approaches to human and animal healthcare.
Dealing with Intellectual Property (IP) management technology can be a huge headache for law firms and corporations. Most solutions have historically catered to paralegals, docketers, and administrative roles; they have not adequately addressed the specific needs of IP managers.
In mid-April, we looked into the crystal ball to predict when patent 10 million would be released and which specific application would be chosen. We have now reached the grand event – the unveiling of patent 10 million as published in the USPTO’s Gazette.
The USPTO is set to unveil utility patent number 10 million on June 19, 2018, along with its newly redesigned cover. A quick review and analysis of the eligible applications gives us insight into some characteristics of the group about 4,500 published applications it could be. To be eligible, the current owner of the application would have received their issue notification on May 30, 2018.
It is often understood that Patent Landscaping is hard - really hard. Many believe that it is just for those with advanced technical and legal training with hundreds of hours to spend. But what many fail to realize is that pretty much anyone can become more intimate with their IP ecosystem and enhance the value of their intangible assets. It is a fact that anyone can patent landscape with the right tools.
Innovation. It’s been the lifeblood of this country since it’s founding. The US’s founding fathers recognized this through the establishment of Patent office in 1790, and it has been at the forefront of helping inventors for over 200 years. In recent years, the pace of Innovation has certainly increased, and we have now reached a point where the 10 millionth utility patent is about to be granted. It took about 100 years to reach the first million patents, but the momentum has picked up since.
It’s been a pivotal year for Anaqua, and the Anaqua User Conference (AUC) was no exception! This year’s AUC took place from April 9-12 at the Loews Royal Pacific at Universal Studios Resort in sunny Orlando, FL. We had an unbelievable turnout this year with our largest client attendance to date including corporate clients adidas, IBM, BASF, Honda, Tokyo Electron, as well as law firm clients Garlick & Markison, Brooks Kushman, Morris Kamlay, and Michael Best just to name a few. Our most valuable aspects of the conference were product training, user led sessions and a forum for our clients to come together and network, sharing IP strategies, best practices and insight on how working with Anaqua helps them accomplish their IP objectives.
We are awash in data – beyond our capacity to absorb and integrate intelligently. Even in the most extreme cases where there is a perfect intersection of data, analytics, validatable metrics, and huge incentives to utilize and optimize, we see both surprising catastrophic failures, and stunning opportunities in markets. To give two stark examples, we turn to the market crash of 2008 – caused by a cascading failure in financial markets that devastated our economy and destroyed market capitalization – in 18 months, the Dow lost over 50 percent of its value.
Asia is home to many of the world’s most innovative companies… as well as some of the most ingenious imitators. It’s a region where highly developed, sophisticated intellectual property (IP) systems and regulatory frameworks in some markets co-exist with relatively immature IP regimes in neighboring countries.
As we settle in to 2018, I wanted to reflect on what we’ve accomplished in 2017 and what we have to look forward to this year. Over the last year, Anaqua expanded its client base like never before by bringing on board an impressive array of new clients including, IBM, McDonald’s, Adidas, Vallourec, and Analog Devices. In total, our software is now used to manage at least 25% of the world’s IP.
Now that 2017 is over, it is a good time to take a brief look at the overall US patenting statistics for the year as identified in AcclaimIP. We've put together an infographic to visually show you what the past year has looked like based on data from the USPTO office.
Patent renewals force key decisions regarding IP investments, and too many corporations base these decisions on guesswork. Understanding how a patent is performing in the market, its importance to the organization, and its strength should guide these decisions. Leveraging IP analytics can help an organization, and its review team, make smarter, fact-based decisions on whether to keep or abandon a patent. For companies reviewing hundreds of patents per year, having a standard methodology will enable quicker decisions with better justification.