Effects of patent right and innovation diversity on business performance in biomedical industry

Abstract

Under the impact of business trend and internationalization, the rapid growth of patent applications reveals national emphasis on intellectual property. When biomedical Industry concentrates on core competency and largely outsources parts of production, patents allow biomedical Industry keeping the technological value that biomedical Industry largely applies for patents to manifest the innovative technology. Taking biomedical Industry as the research object, 50 listed biomedical companies in Chinese medicine database are selected for this study. Based on the database and assisted with Market Observation Post System, the business data of such 50 biomedical companies are searched. According to the results, suggestions are further proposed, expecting to help biomedical Industry promote the profitability when devoting to patent application and planning.