Question: When a new technology meets the requisite market potential, a new patent is filed. Patents are granted for a period of 1 2 years starting
When a new technology meets the requisite market potential, a new patent is filed. Patents are granted for a
period of years starting from the date of issue. Once the patent is filed, the new technology is developed at
one of its three independent development centers IDCs and is then launched to the market. Each product is
developed at only one center, and each center can only develop a single patented technology at a time. On
average, Pharma Dev files a new patent every months with standard deviation of months The average
development process lasts months with standard deviation of months
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