New exchange in Chicago for trading patents attract blue chip companies

Patent rights, which are usually bought and sold in private transactions, are set to be publicly traded on a new exchange. The Chicago-based exchange, Intellectual Property Exchange International (IPXI), which says it is the first of its kind, has attracted a handful of blue-chip companies and prominent universities as its initial members. One of those companies, Royal Philips Electronics, the Dutch electronics giant, is set to begin marketing the rights to a portfolio of more than 600 patent assets.

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