Our hyper-targeted Patent Monitoring services allow you to gain the knowledge you need to put your plans into motion. From keeping a watch on your competitors’ IP to monitoring a specific technical domain and even your own portfolio of patents and publications, we’ve got you covered.
The client is one of the leaders in biotech therapeutics worldwide with major IP and market shares worldwide. Headquartered in the US, the company engages with innovators in medicine, immunology and pharmaceuticals etc. globally and is functional in engineering therapeutics for a range of medical conditions
The client required a detailed study and timely monitoring of patent portfolios of their competitors to determine areas of opportunities and competition. The client was further interested in identifying lifespan of the competitors’ portfolio for specific technologies to design around in furtherance to their R&D strategy. Overall, the client wanted technical and legal monitoring regarding the portfolios of their interest to advance their business strategy
Search Objective: To identify any patent references that affect the clearance of the Client’s product/technology in various jurisdictions. Further, to determine legal updates in the portfolios of relevant patents.
Searching Included: Preparing search strategy using various Term Sets and Classes to capture patents filed in last 20 years. Identifying major players in the domain and formulating searches to capture most relevant patents assigned to these players. Further updating searches to add relevant information determined during preliminary searches.
According to the search and analysis shared by Sagacious, the client was able to assess the competitors’ most recent technology, legal status and lifespan of the patent pool for deciding course of action for their business strategy. The client was able to identify possibilities of collaboration with few of the competitors and extend their business segment in diagnostics.
Time for quarterly technical updates: 24-28 hours/update – involving 1 analyst and 1 project manager.
Time for monthly legal monitoring: 4 hours/update– involving 1 paralegal support and 1 project manager
Patent watch is defined as the routine process carried out by businesses for monitoring published patent applications or patents that have been issued recently.
It is essential to watch patents regularly to monitor your competitors’ patents, a specific technological domain or even your own patent portfolio or publications.
Patents are monitored for change in legal status and events in the prosecution. Patents are monitored by reviewing the file wrappers/ transaction history from the corresponding official PTO websites.
Patent Watch costs somewhere between $900-$1000 for monitoring 10-12 applications for one year (monthly monitoring).
Companies and individual inventors must monitor their own as well as their competitors’ patents.