Managing IP: What company directors need to know

There are many attributes of a life science business that are crucial to its success; good science, great people, sound strategy... but what are the actual assets that contribute most to shareholder value in a typical Australian life sciences company? Probably not tangible assets like lab equipment or stock-in-trade, and probably not 'goodwill' that comes from years of trading history. In all likelihood, it's intellectual property rights, or 'IP', that contributes most to the company's valuation.