The Industry Patent Purchase Program (IP3), the initiative launched in May by AST and a group of major operating companies which was designed to give patent owners a quick and simple way to sell their patents, has bought 78 US patent applications and grants according to data from the USPTO’s assignment database. There is no indication if that is the final total of patents sold, although with payment due to the successful sellers by the end of this month, the picture should become much clearer in the next few weeks.

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