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Terms Beginning with I
       
       
 

In-license

Economy Term


In-license is a legal and business arrangement in which a company (the licensee) obtains the rights to use or develop a product or technology owned by another company or individual (the licensor). The licensee typically pays the licensor an upfront fee and/or royalty payments based on sales or other predefined metrics.

In the industry, in-licensing is commonly used by pharmaceutical and biotech companies. These companies may in-license a drug or technology from a smaller biotech company or academic institution that has developed a promising product, but lacks the resources or expertise to bring it to market. The larger company can then take on the development and commercialization of the product, leveraging their own resources and expertise, while paying the smaller company a fee or royalty for the rights to use the technology.

In-licensing can also be used to expand a company's product portfolio or to enter new markets. For example, a consumer products company may in-license a new technology or brand from a smaller company to enhance their existing product offerings or to diversify their portfolio.

Overall, in-licensing can be a strategic and cost-effective way for companies to acquire new products or technologies to improve their competitive position and grow their business.


   
     

In-license

Economy Term


In-license is a legal and business arrangement in which a company (the licensee) obtains the rights to use or develop a product or technology owned by another company or individual (the licensor). The licensee typically pays the licensor an upfront fee and/or royalty payments based on sales or other predefined metrics.

In the industry, in-licensing is commonly used by pharmaceutical and biotech companies. These companies may in-license a drug or technology from a smaller biotech company or academic institution that has developed a promising product, but lacks the resources or expertise to bring it to market. The larger company can then take on the development and commercialization of the product, leveraging their own resources and expertise, while paying the smaller company a fee or royalty for the rights to use the technology.

In-licensing can also be used to expand a company's product portfolio or to enter new markets. For example, a consumer products company may in-license a new technology or brand from a smaller company to enhance their existing product offerings or to diversify their portfolio.

Overall, in-licensing can be a strategic and cost-effective way for companies to acquire new products or technologies to improve their competitive position and grow their business.


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