ACME Pharmaceutical Inc. has heard all the allegations about thetrauma suffered by people as a result of receiving needles forvaccinations. They have decided to develop a new method for givingvaccines orally rather than by needle. ACME has invested years andmillions of dollars into developing this new method for theadministering of vaccines. ACME believes this development can beexpanded to be used to replace the need for needles and help avoidthe enormous environmental impact medical waste has.
ACME wishes to protect this new method of giving vaccines. AsManager of New Products at ACME, you are asked to take on theprocess of protecting this new process.
Not only are you asked to protect this discovery but your bossalso insists that you identify a legal method which would allow youto offer the use of ACME’s new process to other pharmaceuticalcompanies in Canada and the United States as a way to increase therevenues of ACME.
- Given that ACME wishes to protect its newly invented process,what is the name of the type of intellectual property protectionthat is most appropriate in this instance? Define, or explain, thisparticular type of intellectual property protection.
- Identify, and briefly describe, the three key factors whichmust be present before one can obtain this specific type ofintellectual property protection.
- In what countries should you file for this intellectualproperty protection in order to satisfy the instructions insistedupon by your boss?
- Briefly describe how ACME can increase its revenues by allowingother companies to use its new process. What is the legal name ofthis type of money-making transaction?
