"Intellectual property is a 20-year event." - Dr. Nicholas Faranano Protecting intellectual property is a long-term task, and companies that are just starting out are no exception. US MedCityNews medical and health information website recently Papers, published an exclusive interview with the American cardiologist, Flow Forward and Metactive two cardiovascular medical device company CEO, Dr. Nicholas Farah Nano's. Dr. Faranano answered the reporter's questions about how the startup company (the company in the early stage of its establishment) effectively protected its intellectual property rights, and gave important specific tips based on the actual IP strategy of the three companies. The first company founded by Dr. Faranano, Proteon Therapeutics Inc, is a biopharmaceutical company specializing in the production of drugs for kidney and vascular diseases. The company was listed on NASDAQ last year. Q: Entrepreneurs are often busy in inventing or pursuing their own business ideas. Only when their ideas will succeed will they worry about the intellectual property issues that come with them? Entrepreneurs need to grasp the intellectual property strategy from the beginning? A: To avoid premature mistakes, it is important to develop an IP strategy from the start. Once I was licensing a product. During the IP investigation, we found that the inventor had previously introduced the product in a slide show at an awards banquet. It can be seen that what is most important to the invention before the patent application is filed. The awareness of intellectual property is weak, and the result is only "end of the game." Q: Startups investing in intellectual property are very limited in funding and must follow a “more cost-oriented development modelâ€. Is it possible for startups to develop a more cost-effective IP strategy? A: Yes. If the subject matter is relevant, several small aspects can be reasonably integrated to apply for a larger single patent instead of three separate patents. If the company's intellectual property lawyers are confident in the company and the company's technology, they are sometimes satisfied with the payment. The financing of startups is either high or low, but the cost of intellectual property is fairly stable. Law firms that work with startups know this very well and sometimes have more flexibility in terms of time to pay. Q: Coca-Cola protects its formula in the form of trade secrets rather than intellectual property, a classic case. Trade secrets are tools that entrepreneurs can use to protect intellectual property? A: I have seen people use this method effectively (trade secrets). This is especially true when proprietary technology is difficult to obtain and the possibility of obtaining valuable patents is low. In this case, it is better to protect proprietary technology as a valuable trade secret than to disclose low-value patent applications. There is always the question "Do we not do patents, will we do better?" If you decide to use a proprietary technology as a trade secret, then you must work hard on trade secret management and ensure that all employees in the company Suppliers and former employees are truly committed to strict confidentiality. Q: Startups often turn to venture capitalists and other investors for funding shortfalls. However, this also means that the company has disclosed relevant information to strangers, jeopardizing the company's intellectual property and business model. Can companies seek to sign a confidentiality agreement (CDA) with an intended investor? A: I usually share non-confidential information first, and I will not ask the other party to sign a CDA from the beginning. Once the mutual interests of both parties increase, you can enter the CDA stage later. Sometimes I find that you will learn a lot during the process of sharing information. (Investors) are usually more aware of specific cooperation intentions, knowing what works and what doesn't. Information disclosure can be uncomfortable. However, people usually only share information with people who are very experienced, very smart, and who bring a lot of good feedback—things to be solved, things to consider, potential partners, and risks to the business plan. However, when I know that the investors' customers are obviously our competitors, I will not share relevant information with them. In this case, startups must be cautious. Q: In general, what role does the confidentiality agreement and non-disclosure agreement play in the protection of intellectual property rights? A: Everyone said that “the venture capitalist will never sign a confidentiality agreement.†When you really contact the venture capital group, you will find that many people will sign a confidentiality agreement. If they take an in-depth investigation, you might as well say, "Hey, there are some additional information that I really want to share with you. I believe that you will have more confidence in our company. However, we need to sign a CDA." Usually the investor will Sign the CDA. After signing up, people do think twice in the process of sharing information with others. However, please remember that even if you sign a confidentiality agreement, it does not mean that you are safe and secure. Q: So what is the company's confidentiality agreement for employees and independent contractors? How to ensure the company's intellectual property security? A: A young company should develop a standard CDA and always work hard. If you are in an environment that creates a common invention together, you must own and control intellectual property. Your research, engineering, consulting, and manufacturing contracts all have a language that says that the invention is owned by the company. In all agreements with investors, it is also necessary to include such terms. New investors or partners need to know “whether your company is co-creating with other companies and whether it has full intellectual property rightsâ€. If you don't have full intellectual property rights, it means that the product is difficult to commercialize, so that young companies are more difficult to attract investors and easily lead to insolvency. Another very important thing is to have a good relationship with your former employees. When you have a rights dispute with a government entity such as the National Institutes of Health (NIH), you may need to involve the former employee and present the evidence. You must make the inventor happy. The company certainly does not want the former inventor of the company to suddenly appear in court when you and another company resort to a court of law: "I hate working there. Those people are jerk. I don't remember this!" Q: What advice do you have for how entrepreneurs can build an intellectual property strategy that is suitable for budget planning? A: Firmly standing on the heels of intellectual property will make it difficult for others around us to innovate. Creating products that consumers really need, especially in the health care arena. To do this, startups need to raise enough funds. To get financial support, you must prove that the company has a sustainable long-term business prospects. In order to do this, companies must have valuable intellectual property. Another big problem I noticed was that companies were too careless about their intellectual property information during written communications or public presentations. I have seen people publicly stand up and say, "This is what my lawyer told me, our intellectual property is like this...." Never say anything like this! This is equivalent to selling a lawyer and making confidential information public. Finally, Dr. Faranano summarized the three main purposes of intellectual property as “shields, swords and badgesâ€. Intellectual property is a shield against competitors' copying of entrepreneurial innovation products. Intellectual property is also a sword to beat competitors. Intellectual property is also the company's corporate badge to enhance investor and partner information.
Feed additive refers to a small amount or trace substance added in the process of feed production, processing and use. It is used in feed in small amount but plays a significant role. Feed additive is an inevitable raw material in modern feed industry. It has obvious effects on strengthening the nutritional value of basic feed, improving animal production performance, ensuring animal health, saving feed cost and improving the quality of animal products.
Classification
1. Bile acid
2. Acidifier
5. Promote growth Vitamin A Powder, Lactose Powder, Oxytetracycline Dihydrate Powder, Vitamin D3 Powder Xi'an Tian Guangyuan Biotech Co., Ltd. , https://www.tgybiotech.com
It can promote fat digestion and absorption, protect liver and gallbladder, improve livestock and poultry health and improve feed utilization.
Including citric acid, fumaric acid, lactic acid, acetic acid, hydrochloric acid, phosphoric acid and compound acidifier. Adding an appropriate amount of acidification Qi to the pig diet can significantly improve the daily gain of pigs and reduce the feeding cost.
Including olaquindox, pig fast growth, fast fertility, blood polypeptide, liver residue, animal music, fat pig Wang, etc.
6. Trace elements
Including copper, iron, zinc, cobalt, manganese, iodine, selenium, calcium and phosphorus, which can regulate body metabolism, promote growth and development, enhance disease resistance and improve feed utilization. The daily gain of postnatal pigs can generally be increased by 10% - 20% and the feed cost can be reduced by 8% - 10%,
7. Vitamins
It includes vitamins A, D2, e, K3, B1, D3, B2, B6 and C, as well as a variety of vitamins, choline, pig premix additives, vitafat, Ted vita-80, French fat, health care element, strong element, etc. it can be scientifically selected and used according to different pig varieties and different growth and development stages.
8. Amino acids
It includes 18 kinds of amino acids such as lysine, methionine and glutamic acid, as well as Shengbao, livestock treasure, feed yeast, feather powder, earthworm powder, feeding music, etc. the most used additives are lysine and methionine. Adding 0.2% lysine to the diet can increase the daily gain of pigs by about 10%.
9. Antibiotics
Gold toxin, salinomycin, tetracycline, Bacillin, lincomycin, Kangtai feed additive, zhubao, Baosheng, etc.
10. Insect repellent health care
Including anbaoqiujing, keqiu powder, aibao-34, etc.
11. Mildew proof
Due to the high oil content of rice bran, fish meal and other refined feeds, they are easy to oxidize and deteriorate after long storage time. Adding ethoxyquinoline can prevent feed oxidation, and adding propionic acid and sodium propionate can prevent feed mildew. The addition of cinnamon powder not only has strong bactericidal effect, but also attracts food, flavors, and promotes growth.
12. Chinese herbal medicine
Including garlic, wormwood powder, pine needle powder, mirabilite, Codonopsis pilosula leaves, Maifan stone, wild hawthorn, orange peel powder, acanthopanax senticosus, Atractylodes, motherwort, etc,
13. Buffer feed
Including sodium bicarbonate, calcium carbonate, magnesium oxide, calcium phosphate, etc.
14. Seasonability
Including sodium glutamate, edible sodium chloride, citric acid, lactose, maltose, hay, etc.
15. Hormones
Including raw milk record, promoter, yufeiling, etc.
How do medical startups protect their intellectual property rights?
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