Sen. Tom Udall, D-NM, recently introduced a bill meant to improve the U.S. Department of Energy's technology transfer process, according to Albuquerque Business First.
Peter Ackerman


Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Pennsylvania State University will become the first university in America to auction off its intellectual property directly, according to Penn Live. The university announced early in March that it will auction off exclusive licenses to intellectual property of various kinds to companies interested in acquiring them. The first auction will run from March 31 to April 11, and companies will have their choice of several patents from Penn State's College of Engineering.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Pharmaceutical company Pfizer Inc. announced it will appeal a ruling that invalidated a patent extension related to its osteoarthritis drug Celebrex. This ruling could influence Pfizer's current lawsuit against generic drug companies that plan to create a generic version of the medicine to begin selling at the end of May, when Pfizer's original patent expires.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
An Imperial Tobacco Group Plc unit is suing a Lorillard Inc. subsidiary, NJOY Inc., Vapor Corp. and eight other manufacturers of electronic cigarettes in the U.S., claiming they infringed the group's intellectual property. Fontem Ventures BV, the unit of Imperial Tobacco Group in question, filed nine patent lawsuits in federal court in California recently, asking the court to rule its patents were valid and for defendants to pay damages, according to Bloomberg.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Russia founded an Intellectual Property Rights Court in July 2013, and since that time 2,000 cases have been filed. Of those, 1,000 cases have been brought to a conclusion, according to The Moscow Times.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Twitter's yearly 10-K filing with the U.S. Securities and Exchange Commission revealed the company spent about $36 million on its purchase of nearly 1,000 patents from IBM to avoid legal difficulties, according to The Register. In January, news of this deal was released, but financial terms were not disclosed. This price means Twitter spent around $40,000 per IBM patent to avoid intellectual property litigation and other possible issues.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
A quick scan through Facebook, Twitter or Instagram instantly reveals the modern social infatuation with photographing food and meals. Users are particularly likely to show off food they've made themselves or a meal that impressed them at a restaurant. This latter case actually raises questions of intellectual property, according to The Guardian.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
Ahmed Al Saidy, director of the Intellectual Property Rights Department of the Ministry of Commerce and Industry, remarked his department plans to appoint inspectors to supervise the enforcement of laws around intellectual property rights, according to Zawya.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
The Office of the United States Trade Representative recently removed Israel from the Special 301 Report Watch List, where it had been since 2005, according to The Jerusalem Post. The listing was due to the country's patent laws, largely relating to pharmaceuticals. Teva, which is the largest company traded on the Tel Aviv Stock Exchange, is the world's biggest manufacturer of generic drugs.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.
China's State Intellectual Property Office rejected Apple's request to invalidate a Shanghai-based company's patent that Apple claimed was too similar to its own voice-driven Siri technology. Apple then sued the State Intellectual Property Office and Zhizhen Network Technology, the firm that owns a voice recognition software called "Xiao i." A Beijing Intermediate People's Court heard the case on Feb. 27. The hearing, which lasted over five hours, didn't lead to a decision by the court, according to ZDNet.

Peter Ackerman
Founder & CEO, Innovation Asset Group, Inc.