Alignments are on in Pharmaceutical Industry, leveraging IP’s as tools of change. Patent Portfolio Consolidations are Happening all over.
Off late, there are series of deals and announcements making news rounds, around IP Licensing and Acquisitions.
Two interesting things are emerging.
- Companies are increasing their patent portfolio through series of acquisitions
- Companies are consolidating by buying / acquiring patents to increase their presence
Sanofi could not get patent approvals. So, they adopted IP Acquisition strategy. Sanofi has targeted African markets to increase its patent portfolio and markets. It is dispensing its Cell Therapy unit – a non-core IP asset.
Aastrom is set to acquire Sanofi’s Cell Therapy and Regenerative Medicine (CTRM) business.
Novartis announced to Buy Glaxo Cancer Drugs and is selling its Animal Health portfolio. Obviously, Novartis is focused on increasing its patent portfolio in cancer cure.
GlaxoSmithKline Plc (GSK) is focused on consolidating in Vaccines space and Eli Lilly & Co. (LLY) on animal health portfolio. Lilly is increasing its market share and is becoming the second-largest animal-health company by sales.
Sovaldi from Gilead is great Innovation for Hepatitis cure. Gilead – is now provisioning IP Licensing to its Hepatitis C cure drug – Sovaldi – to multiple Indian firms, with tiered pricing and is targeting Asian and African markets. In US, this drug / treatment is very expensive and is raising eyebrows.
Pfizer, the World’s biggest drug maker, in 2012 spun off its animal-health unit.
Key Takeaway – Over $50 billion worth of investments are in play. All these strategic IP investments and alignments are geared at one thing – to improve the bottom-line and increase stakeholder value.
About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.
VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.
PatFolio not only automates invention disclosure management but also managing patent portfolio and patent prosecution life cycle. In addition, PatFolio provisions various checklists useful for patent filing. Using these checklists IP Professionals can ensure requisite information needed for preparing patent application is available and ready for filing. These patent application checklists save money, time and reduce / eliminate errors in patent application filing with patent office.