Thursday, May 28, 2015 4:11:46 PM
It is my understanding to date that 3 - 3.5 years is the average time for patent approval. Mainly due to backlog. Budget cuts at the federal level.
However, it is also my understanding that there is a fast track process for patent approval - depending on welfare of the public and more politics of course. This is all grey area stuff.
I understand where Bean is coming from regarding Parabolic status. I think we all have agreed though - that Patent Pending will not keep our product from being sold at retail prices.
Also, I believe Shell linked a board member(s) to longtime relationship with key personnel at National Institute on Drug Abuse (Government Agency)? Which may be very helpful towards a fast track process.
Just 1 Opinion,
Blu Lite On Z Flames!
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A reference link is attached below:
3 or 4 years (36 - 48 months). Length of time it takes for the U.S. patent office to review biotechnology and software design patent applications. “It takes most patent applications between two and three years to get reviewed. In some of the high-volume areas, like software design or biotechnology, it may be more than two years before the process is even begun, dragging the review process out to three or four years.” How long to get a patent application approved? (Michelle Cater Rash, “Restructuring raises patent fees, could hinder startups,” Business Journal Serving the Greater Triad Area, April 11, 2005)
www.inventionstatistics.com/Patent_Approval_Time.html
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P.S. Hope all is well BEAN. You were a great spokesman for BLO/BLOZF!
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