Asset Management

The laboratory industry enjoyed several years of robust growth from the late 1990s until 2003. Record research and development (R&D) investments by the biopharmaceutical industry, in combination with the doubling of the U.S. National Institutes budget, allowed for continual double-digit growth rates.

Patents are more than just boring legal documents. “A patent is the link between R&D and the legal processes,” notes Pierre Buffet, executive vice president of intellectual property information firm Questel. “Patents can be used for various interesting business purposes outside of simply protecting a new invention,” adds Director Ronald Kaminecki with Dialog LLC.

Laboratories everywhere rely on water purification systems to produce the pure water they need for their daily procedures and experiments. Such systems, including those from EMD Millipore, use a combination of several purification technologies in order to remove contaminants present in tap water.

“Intellectual property has the shelf life of a banana,” commented Microsoft’s Bill Gates. So why should laboratory managers worry about keeping intellectual property confidential? Gates’ statement may be true for computers and information technology. However, in many other business areas, intellectual property can have a much longer shelf life and needs to remain confidential for many years.








