The life science industry’s foundation is built on its intellectual property (IP) portfolio. Supporting and cultivating this precious asset is the oxygen needed to avoid being on a life support system. In the commercialization of products it is paramount for all companies to understand the environmental factors, including legal, influencing business decisions.
Take for example the FDA’s policy on Social Media. In 2009, the FDA sent warning letters to 14 drug manufacturers regarding paid search advertising placed on Google. Industry response was an 84% drop in paid search advertising. The underlying impact of all forms of innovation is that it has a domino effect influencing a company’s activities including regulatory, sales, marketing, legal and beyond. The question going forward is: “How to manage all business related issues – whether marketing or scientific?”.
Spectrum MMC and our Spectrum Alliance Partners™ can provide legal support whether it is related to IP, commercial and corporate law or other areas affecting your business.
Spectrum MMC can guide you to legal specialists capable of providing the legal support needed whether it is related to IP, commercial and corporate law or other areas affecting your business.
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Managing the Business of Science™
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