AST announced the results last week for the Industry Patent Purchase Promotion (IP3), the initiative backed by 21 companies designed to give patent owners a quick and easy way of selling their patents. The headline numbers are that IP3 made 56 offers to purchase 107 active patent filings at an average price per family of $96,000. The total expenditure was over $5.3 million with the purchase prices ranging from $10,000 to $325,000.

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