By Philipp N. Baecker
Over the past years, as a result of extensive pageant within the wisdom financial system, felony facets surrounding highbrow estate (IP) rights - together with litigation and cost - have constantly won in value. Correspondingly, expert IP administration has develop into an fundamental section of profitable value-based administration (VBM) in research-intensive companies. With this article, the writer proposes an built-in method of patent possibility and capital budgeting in pharmaceutical learn and improvement (R and D), constructing an option-based view (OBV) of imperfect patent defense, which attracts upon contingent-claims research, stochastic online game thought, in addition to novel numerical equipment. Bridging a widening hole among contemporary advances within the thought of monetary research and present demanding situations confronted by means of pharmaceutical businesses, the textual content re-initiates a dialogue concerning the contribution of quantitative frameworks to value-based R and D administration.
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