Top Articles

Patent Selling
Why Sell:

A patent is your property and as such you have the legal right to do with it as you wish.

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

Generally you would choose to sell your patent if you would;

1. Focus your attention on other ideas.

2. Turn over the ent

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ire rights to your patent and be done with the venture.

3. Generate a quick income from the sale.

------------------------

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

--------------------------------------------------------

A patent owner has 4 basic choices they can make with their invent

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ion:

License Your Patent:
By far the most profitable. This allows you to maintain ownership of your idea, while allowi

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ng another company to build and market the idea. This is what InventorsIPO specialize in. We find a company to build, market

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

, and pay you a fair market value for the use of your idea.

Build and market the product yourself:
You can build, mark

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

et, and do the legal work yourself. This is a complicated process that requires a large amount of capital, time, and knowled

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ge of the market.

Sell the Patent:
All patent owners have the right to sell their idea. This process requires the abil

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ity to find a buyer, a lawyer, and understand what the market value of their idea is.

Do Nothing:
Believe it or not, t

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

he vast majority of patents granted by the U.S. Patent Office have never been acted upon. About 90% off all patents are neve

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

r commercialized!

--------------------------------------------------------------------------------

Why License Your Idea?<

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

br> Licensing your idea to an established company has many advantages.

Your product will carry the label of a company that

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

has a well known and respected name. Most individuals cannot, and should not approach large companies like Wal-Mart, Targ

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

et, etc. They usually will not look at people who only sell one product, they prefer vendors with multiple products.

Most l

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

arger companies have a complete marketing and Public Relations department. Larger corporations have the capital and resource

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

s available to launch a product properly. By allowing another company to build and market your product they generally assu

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

me the liability also. Thus if for some reason something happens that has legal ramification they will usually handle it.

Y

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ou get paid royalties for doing nothing. Of course it is your idea, you did invent it and file the appropriate patent applic

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ation. But what we mean is that you will get paid, while they build it, market it, promote it, and do all of the ground work

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.toparticles.org.ua/article/130150/toparticles-Should-You-Sell-Or-License-Your-New-Product-Or-Idea.html">Should You Sell Or License Your New Product Or Idea</a>

BB link (for phorums):
[url=http://www.toparticles.org.ua/article/130150/toparticles-Should-You-Sell-Or-License-Your-New-Product-Or-Idea.html]Should You Sell Or License Your New Product Or Idea[/url]

For lucrative ecommerce you have to earn more profit from the ecommerce business you are operating. For getting more money you need to...

I had an email exchange with an SEO client today after his webmaster called him pushing reciprocal linking software (when all this web designer was after was to generate some extra work from a client...

If you receive Disability Benefits you may wonder how working will affect your benefits. Social Security allows disabled individuals to work and receive their benefits; however there are rules in place you will need to follow. Here is what you need to know about working on disability to avoid a nasty overpayment.

Tags

Links

Top Articles - Should You Sell Or License Your New Product Or Idea

Related Articles: