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Entrepreneurial patent management in pharmaceutical startups
Marcus Holgersson1, Tai Phan2, Thomas Hedner2
1Department of Technology Management and Economics, Chalmers University of Technology, 412 96 Gothenburg, Sweden.
Abstract:
Startups fill an increasingly important role as innovators in the pharmaceutical industry, and patenting is typically central to their success. This article aims to explore patent management in pharmaceutical startups. The results show that startups need to deal with several challenges related to patenting and an 'entrepreneurial' approach to patent management is called for. Resource constraints, venture capital provision, exits and other conditions and events must be readily considered in the patent management process to build a successful pharmaceutical venture, something that could benefit the pharmaceutical industry as a whole.
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