Dr. Narendran's Dilemma

Only available on StudyMode
  • Topic: Patent, United States Patent and Trademark Office, Patent application
  • Pages : 5 (1387 words )
  • Download(s) : 255
  • Published : March 4, 2013
Open Document
Text Preview
DR. NARENDRAN’S DILEMMA

Submitted in partial fulfilment of the requirements of the course WRITTEN ANALYSIS AND COMMUNICATION – I

To
Dr. Narendran
Director
Indian Medicine (Siddha) College
Chennai.

Subject: Study of impact of commercialisation of Dr. Ramkumar’s formulation Respected Sir,
As instructed by the director of WIMWI, I have comprehensively examined the background of IMC, its objectives, the scope of Dr. Ramkumar’s formulation and analysed the impact of its commercialisation on IMC as well as the Siddha system of medicine. Based on this study, I have worked out a strategy which would be in the best interests of all parties concerned. Please find the report enclosed.

Yours sincerely,
Student, WIMWI
Ahmedabad.

EXECUTIVE SUMMARY:
IMC promotes education, medical care and development of the Siddha medical system. Dr. Ramkumar has invented a formulation that reduces usage of commercial stents in angioplasty, which he wants to get patented through IMC. This invention provides IMC with a unique opportunity of increasing visibility of the Siddha medical system vis-à-vis other parallel systems of medicine. It also gives IMC the chance to generate revenue on its own which can be channelled into infrastructural development of IMC’s hospital. Offloading the patent for a one-time license fee is recommended as IMC has no prior experience in the commercialisation of its research. [Word Count = 100 ]

TABLE OF CONTENTS
Executive Summary…………………………………………………………………………3 Situational Analysis………………………………………………………………………….5 The Problem…………………………………………………………………….……………5 The Options…………………………………………………………………………………..5 Criteria for Evaluation……………………………………………………………………….6 Evaluation of Options……………………………………………………………………….6 The Recommendation…………………………………………………………..…………10 Action Plan………………………………………………………………….………………10 References………………………………………………………………………………….11

SITUATIONAL ANALYSIS:
Dr. Ramkumar, Associate Professor and Head of the Pharmacology Department of IMC, has come up with a formulation that reduces the need for stents during angioplasty. He wishes to get his formulation patented through IMC and commercialise it since he believes that this will help IMC academically and financially. Dr. Narendran, director of IMC, is apprehensive of taking this step, since the domain of patents and commercialisation is completely new -- not only to IMC, but also to the Siddha system of medicine. However, he also recognises that IMC needs funds to grow further and that steps need to be taken to make the Siddha acceptable among other parallel systems of medicine. The patent can help the Siddha system gain recognition and enable IMC to reap monetary benefits. THE PROBLEM:

A decision needs to be taken regarding Dr. Ramkumar’s request. If IMC gets the patent, then the plan of action needs to be carefully worked upon, since IMC has no prior experience in this field. THE OPTIONS:

The options available to Dr. Narendran are:
* To not apply for a patent for Dr. Ramkumar’s formulation. * To apply for a patent for Dr. Ramkumar’s formulation. In case the patent is granted, IMC has 3 options: * Sell the patent for a one-time license fee to a third-party. * Employ a pharmaceutical unit to manufacture the formulation, while IMC takes responsibility for its marketing and administration. * To rope in an entrepreneur who will pay IMC annual royalties at 6% of the gross sales every year till the patent is valid. CRITERIA FOR EVALUATION:

* The decision taken has to be guided by the mandate of IMC. Providing Siddha education, Siddha medical care and promoting the science of Siddha are the key objectives of IMC. * The decision will have an impact on the other faculty members as well. While on one hand, Dr. Ramkumar’s colleagues feel that he is secretive and does not share his knowledge with others, but on the other hand, there are two other faculty members who are working on formulations as important...
tracking img