RESAPP HEALTH LIMITED (ASX:RAP) - resapp - patents? unique product?, 16242428, page-11 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by tony79 ↑

Hi gandolph

This was one of a few questions me and my brother (both RAP shareholders) had too. Below our question and the answer from Brian Leedman (Vice President ResApp Health).
This e-mail correspondence is dated 1 October 2015. Hope this helps.

Cheers, Tony

Question:

The University of Queensland has granted over its commercialization company UniQuest the exclusive licence to ResApp for developing mobile medical applications for the diagnosis and management of respiratory disease. As I understand UniQuest is the largest shareholder (7.51%).

Can you comment on who exactly owns which IP rights/patents that are crucial for a successful and sustainable commercialization?

Can you comment on the design of the licensing agreement?

The reason behind my questions is the fear that the licencer is so powerful to be able to excessively determine the future of ResApp. Being the largest shareholder the licencer has of course all the incentives to align its interests with those of the company. Nevertheless, a sustainable and balanced licensing agreement and IP rights/patents arrangement remains crucial for ResApp.

Answer:

UQ own the rights to the IP which is exclusively licensed to ResApp. There is a small loyalty payable to UQ on future sales. The interests between ResApp and UQ are completely aligned. The licensing agreement was legally scrutinised as part of the due diligence of the acquisition transaction.

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Hi Tony,
Thanks for the reply.
I sent off an email to Brian last night in between episodes of judge judy and woke this morning (am in Northern Europe so a bit behind Oz time) with the answers in my inbox. I forgot to ask about the structure of the license agreement but your reply answered that.
For the forum below is the wrap-up of my Q&A with Brian;

Questions;

Does ResApp Health own the technology/patent or does it license the technology from the inventor/owner?

If it is a license agreement, is there a finite period of the contract with the inventor/owner?

If it is a license agreement, are there any conditions under which the inventor/owner can cancel the agreement?

If an offer to buy ResApp was presented, can the owner/inventor block any deal?

Are there plans to commercialize any other concepts?

Could you please clarify the patent status? Are you aware of any challenges/objections to it being granted?

Answer;
1. Exclusive license.
2. No finite period.
3. Not now. Would have if we had failed to list and raise funds.
4. No.
5. Could be...
6. Patents pending in all major commercial markets. No objections thus far or expected. Technology is unique and a credit to its inventor.

Mit freundlichen Grüßen,
Mick