Get the Most Out of Your Patents: Pharmaceutical Patent Life Cycle Management

April 27, 2022

Pharmaceutical Patent Life Cycle Management

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Patents are one of the pillars of the intellectual property protection system. Novel, inventive scientific inventions capable of commercial application reach society through patents. Patent owners bear the responsibility of bringing science to society but also get to enjoy a monopoly for a stipulated period of time over the proprietary invention in lieu of complete disclosure of the same. With the high cost and amount of time it takes to secure a patent in the pharmaceutical industry, it is imperative to ensure you are getting the most value possible out of the investment by managing the patent life cycle.

Watch this deep-dive analysis focused on the pharmaceutical industry to learn more about the actionable insights that modern patent analytics tools can provide.

During this on-demand webinar, our expert discussed the value of the following:

  • Product-to-Patent mapping using Orange Book data
  • Insight into fiercely fought patent battles from the prosecution details about key patents
  • The strength and the power provided by the apparent key patent to the patent owner on the basis of the scientifically validated and patented methodology
  • The early predictors indicating the potential contributors to pressing global needs (e.g., Covid-19 treatment methods)
  • Patents as indicators of the direction of development in a particular company or technological field

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Provide actionable insights to support strategic decision-making

Effectively communicate the value of your IP with powerful insights and visualizations, enabling you to turn your patent department into a strategic consulting unit.

Taking patent analytics out of the ‘black box’

With LexisNexis® Intellectual Property Solutions, you benefit from a highly transparent scientific approach to patent data analysis. Forget opaque algorithms and analytics ‘black boxes’, we can show you exactly how we reached at our insights. Patent analytics solution, PatentSight®, is built on the foundation of ground-breaking validated research, which is often cited in leading scientific publications.

Brought together in the patent value indicator, the Patent Asset Index, this objective approach to assessing patent quality and benchmarking patent portfolios has become a de facto standard in measuring portfolio strength.

High-quality data: a prerequisite for reliable patent analysis

LexisNexis Intellectual Property Solutions validates and quality-assures patent data by assigning patents to their accurate commercial owners and verifying their legal validity and remaining lifetime.

Superior datasets allow you to unveil valuable patent insights and see clearly who wields commercial power over the inventions that underpin promising patents.

Patent analyses conducted with PatentSight have proven to be more reliable than analyses based on unprocessed patent data.

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