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Ipglossary.com is a practical glossary for managers, executives and technologists as well as lawyers working in IP in an international environment. The glossary provides practical explanations of key legal and business terms in a large number of technology related fields including intellectual property, licensing, venture capital, corporate and securities law, antitrust and competition law, and of course terms relevant to technology, in general. Read more

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IND

Investigational New Drug Application, an application to carry out human testing of a potential new drug, known as an NCE or New Chemical Entity. The IND process has three stages: Phase I, safety testing on a limited number of volunteers, say, 20-80; Phase II, testing for efficacy and side effects on a larger group of volunteers, 100-300; Phase III, testing on 1,000-3,000 or more patients to determine whether the drug meets risk/benefit criteria, i.e., do benefits outweigh potential side effects. Typically less than 27 percent of drugs that enter stage I complete stage III, and not all such drugs are then marketed commercially. See ANDA, Quasi-Intellectual Property.

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