U.S. BioDefense Confirms Provisional Patent Application for Matching Stem Cell and Other Biotechnology Transfer Opportunities
Related News: Stem Cell CompaniesU.S. BioDefense, Inc. (OTCBB:UBDE) is pleased to confirm today that it has filed provisional patent application number 60/594081 with the United States Patent and Trademark Office.
According to David Chin, CEO, "The objective is to patent our Company's proprietary and proven system for matching stem cell and biotechnology transfer opportunities by identifying candidates for specific opportunities. We are confident that our provisional patent application once approved will provide value for our shareholders and be a strong asset to the company's growing intellectual property pool."
The patent pending technology is being implemented through U.S. BioDefense's existing intellectual property search engine infrastructure which is currently modeling the successful business model functionality of search engines like Google, Yahoo, and LookSmart. U.S. BioDefense staff currently utilizes the search engine to accelerate the identification of stem cell and biodefense intellectual property acquisition programs. The infrastructure includes a marketplace for parties interested in buying and selling technology, intellectual property and products related to the Homeland Security and biotechnology sectors similar to that of eBay. The auctioning allows for fair market evaluations of intellectual property and technology ready for commercialization and licensing.
A patentability opinion letter from the company's patent attorney yielded the comment, "in my opinion, the subject invention may be patentable as long as the claims deal with specific variables related to technology, technology transfer and satisfaction before and/or after such transfer."
Posted on April 25, 2005 06:40 PM