Bloomberg BNA’s Patent Trademark & Copyright Law Daily™is the IP industry’s premier news service, offering objective, timely,and reliable daily news coverage and commentary from leading IP law...
By Joseph Marks
Aug. 1 — Patents and patent applications covering cardiovascular devices, digital mapping and wearable technology were sold through the brokered patent market during the second quarter of 2016, according to data provided to Bloomberg BNA.
The median asking price for all asset types, including both U.S. and foreign patents and applications, rose slightly during the quarter to about $167,000, compared with about $124,000 in the first quarter of the year, according to the data from Richardson Oliver Law Group LLP, which advises companies that want to acquire patents and has visibility in much of the brokered market.
The median asking price for U.S.-issued patents was $250,000 during the quarter, up from about $208,000 in the prior quarter. That’s the top median asking price for U.S.-issued patents in the brokered market since the second quarter of 2014.
The brokered market comprises just a small portion of the overall market for patent sales between companies but can offer insights into broader trends. Brokers can help companies acquire patents in fields where competitors and likely legal adversaries operate, giving them defensive leverage if those companies go after them for alleged infringement.
Patent holders made sales from 18 patent packages containing 423 patent assets and 345 U.S.-issued patents during the quarter. That’s down from the prior quarter, when patent holders made sales from 30 packages containing 1,005 patent assets and 639 U.S. patents. Patent assets include foreign and domestic patents and patent applications.
ROL Group tracks the reassignment of patents from various listed packages to identify when a sale is executed. Due to a lag in recording reassignments at the Patent and Trademark Office, ROL Group assumes that a given package is sold if any of the U.S. patents listed in the package are shown as reassigned in the PTO's system.
Patent holders listed 2,749 patents and patent applications in 214 packages, including 1,590 U.S.-issued patents, on the brokered market during the quarter. That’s down significantly from 6,023 total patents and patent applications in 164 packages listed during the prior quarter. Those packages contained 2,846 U.S.-issued patents (108 PTD, 6/6/16).
Possibly the largest asset transfer during the quarter involved two packages containing 261 U.S.-issued patents sold by Wilk Patent Development Corp. and its president, Peter J. Wilk, to CHF Technologies Inc., which does business as BioVentrix Inc., a cardiovascular device firm.
Wilk previously sought to sell about 25 cardiovascular patent assets on the brokered market through ICAP Patent Brokerage, according to a September 2015 press release. The patents “pertain to heart and vascular surgery, cardiothoracic surgery, coronary artery bypass procedures” and numerous other cardiovascular procedures, according to the release.
Because of the PTO recording lag, it’s not clear how many of the Wilk patents BioVentrix actually purchased.
Twitter also purchased patent assets from the defensive patent aggregation firm Allied Security Trust during the quarter. The package included 14 patent assets, including 7 U.S.-issued patents.
To contact the reporter on this story: Joseph Marks at firstname.lastname@example.org
To contact the editor responsible for this story: Mike Wilczek at email@example.com
Copyright © 2016 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)