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Thursday - February 9, 2012

In my view, the Christian religion is the most important and one of the first things in which all children, under a free government ought to be instructed.. .No truth is more evident to my mind than that the Christian religion must be the basis of any government intended to secure the rights and privileges of a free people.
- Preface

1828 Noah Webster Dictionary

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In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website.
Please update your bookmarks: http://www.1828-dictionary.com/d/word/bind

bind

BIND, v.t.

1. To tie together,or confine with a cord, or any thing that is flexible; to fasten as with a band, fillet or ligature.

2. To gird, inwrap or involve; to confine by a wrapper, cover or bandage; sometimes with up; as, to bind up a wound.

3. To confine or restrain, as with a chain, fetters or cord; as, bind him hand and foot.

4. To restrain in any manner.

He bindeth the floods from overflowing. Job.28.

5. To oblige by a promise, vow, stipulation, covenant, law, duty or any other moral tie; to engage.

If a man shall swear an oath to bind his soul with a bond. Numbers 30.

We are bound by the laws of kindness, of nature, of a state, &c.

6. To confirm or ratify.

Whatsoever thou shalt bind on earth, shall be bound in heaven. Matt.16.

7. To distress, trouble, or confine by infirmity.

Whom Satan hath bound these eighteen years. Luke 13.

8. To constrain by a powerful influence or persuasion.

I go bound in the spirit to Jerusalem. Acts.20.

9. To restrain the natural discharges of the bowels; to make costive; as, certain kinds of food bind the body or bowels.

10. To form a border; to fasten with a band, ribin, or any thing that strengthens the edges; as, to bind a garment or carpet.

11. To cover with leather or anything firm; to sew together and cover; as, to bind a book.

12. To cover or secure by a band; as, to bind a wheel with tire.

13. To oblige to serve, by contract; as, to bind an apprentice; often with out; as, to bind out a servant.

14. To make hard or firm; as, certain substances bind the earth.

To bind to is to contract; as, to bind one's self to a wife.

To bind over is to oblige by bond to appear at a court.

1828 Noah Webster Dictionary

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News: remain

February 09, 2012
[12:00:20 AM] (PDT)

Unforeseen opportunities for the Brave of Heart

Executives need vision to convert patented R&D into a profit center. Consider EMI, a london company that produces music (a music label company). In their Central Research Laboratories in Hayes, Godfrey Hounsfield had an idea to integrate X-ray slices to create a 3-D image (originally known as an EMI scan), today know as a CT or CAT scan. Godfrey was awared a Nobel Prize for his work, and later knighted. The idea came to him while picnicking in the park; however, the senior executives realized this was no picnic. They leveraged the technology (foundation patent #3,778,614), securing over 120 of the first 450 patents in this space. The legacy competitors (General Electric, Philips, Siemens) were playing catch-up with this innovator. Few executives would be brave enough to execute such a divergent business strategy.

How is Congress involved in patents?

In Article I, Section 8 of the Constitution of the United States it says, " Congress shall have power [...] to promote the progress of science and useful arts by securing for limited times to inventors the exclusive right to their respective discoveries."

Weak constitutions result in under-evaluations

Myopia is generally what happens when unprecedented opportunities are placed before them. Those in the know generally do better than those in the worry. Consider Cetus, a startup biotech with a focus on a liver drug. The FDA delayed the approval of the drug, and a major funding crisis ensued. Chiron offered to take over the liabilities contingent on the sale of two patents (# 4,683,202 and # 4,683,195) to a third party, Roche Molecule for $300M (in 1993). This sale was stalled because DuPont challenged the validity of the patents, based on the formal claims written by the inventor (not a patent attorney), Kary Mullis. In the end, the soap opera turned out well for the investors with weak constitutions. For $300M, they sold the two patents to Roche, turned the company over to Chiron, and walked away. Kary Mullis won the Nobel prize for his invention embedded in these two patents, known as polymerase chain reaction (PCR) which allows DNA to be cloned. Over 4000 patents in biotech cite these original two patents. In our estimation, $300M represents "pennies on the dollar" valuation of these patents. The shareholders got a payday, and left the game. Roche on the other hand is thriving based on its intangible assets. Let IPstreet.com assist you.

0.023808002471924|February 9, 2012 => 6:26 pm