IP monitoring solution averts potential loss of US$3 billion across 3 geographies for a F100 biopharmaceutical company
Problem
The legal team at a global pharma major, manages a large portfolio of patents and trademarks spanning geographies. They were tasked with identifying patent and IP related risks and opportunities to increase revenues across geographies. A cumbersome manual process required querying across several sources maintained in SQL databases to generate reports. This meant a considerable lag in identifying and responding to risks and opportunities, leading to negative financial impact.
The client wanted a solution that would:
- Integrate and centralize access to the data sources
- Help flag risks and opportunities in time to optimize annuities and payments.
Solution
MResult built an online reporting and dashboarding solution that:
- Integrated and centralized access to relevant data across geographies and business units
- Automated over 50 out-of-the-box reports to deliver executive-level actionable insights across the portfolio
- Improved assess for non-technical business users to manage their IP position globally
- Increased ease for business teams to discover and manage IP opportunities and risks across geographies and aligned to product lines and operating units
- Enabled generation of detailed reports and dashboards to monitor the status of the patent pipeline and to manage annuities and payments based on commercial viability.
