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Open innovation – Opportunities and risks of IP transfer across borders Martin Bonenfant, Ph.D. NRC – IRAP Global Innovation Conference February 24 th , 2011
Forward-Looking Statements and Disclaimers ,[object Object],[object Object],[object Object],[object Object],© 2011  Medicago Inc. All rights reserved
An overview © 2011  Medicago Inc. All rights reserved Established 1999 Employees 100+ Headquarters Quebec City, Canada Focus Vaccines Vaccine technology Virus-like particles (VLPs) Manufacturing technology Transient expression in tobacco  Product pipeline Pandemic influenza – Phase II Seasonal influenza –Phase I
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Vaccine technologies The technologies © 2011  Medicago Inc. All rights reserved
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The intellectual property © 2011  Medicago Inc. All rights reserved
The development strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Take IP Give & Take IP Do not share IP
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Using research collaboration agreements
© 2011  Medicago Inc. All rights reserved The global solution ,[object Object],[object Object],[object Object],[object Object],GSK facility in Quebec City ,[object Object],[object Object],[object Object],[object Object],MDG facility in Quebec City
The expansion strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Medicago – Think Global, Act Local Unique technology + Unique market niche (influenza vaccines) Preferred expansion route : Implantation of subsidiaries - Increases chances of local partnerships - Gives access to local fundings - Decreases involvement/risks of parent company - Eases technology and knowledge transfer (all internal) - Lots of staff mobility in both ways - Cultural barriers - Differences in education = Difference in skills? - Status of IP enforcement + - Careful at protecting core business

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Innovation Across Borders - Session 5 martin bonenfant

  • 1. Open innovation – Opportunities and risks of IP transfer across borders Martin Bonenfant, Ph.D. NRC – IRAP Global Innovation Conference February 24 th , 2011
  • 2.
  • 3. An overview © 2011 Medicago Inc. All rights reserved Established 1999 Employees 100+ Headquarters Quebec City, Canada Focus Vaccines Vaccine technology Virus-like particles (VLPs) Manufacturing technology Transient expression in tobacco Product pipeline Pandemic influenza – Phase II Seasonal influenza –Phase I
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10. Medicago – Think Global, Act Local Unique technology + Unique market niche (influenza vaccines) Preferred expansion route : Implantation of subsidiaries - Increases chances of local partnerships - Gives access to local fundings - Decreases involvement/risks of parent company - Eases technology and knowledge transfer (all internal) - Lots of staff mobility in both ways - Cultural barriers - Differences in education = Difference in skills? - Status of IP enforcement + - Careful at protecting core business

Editor's Notes

  1. Financial situation In the last 10 months we were able to cash-in $8.3M Including $2.5M from Research and non exclusive license agreements with Philip Morris and $5.8M from two private placements We also received a letter of intent from Philip Morris for an investment of $16M Which gives a potential $24.3M for Medicago in 2008. Which is enough cash for at least 18 months including a phase I and phase II