ICAP Ocean Tomo's Life Sciences Group to Hold World's First Pharma Small Molecule Live Auction March 31, 2011 in New York City

CHICAGO, Sept. 15 /PRNewswire/ -- ICAP Ocean Tomo, the intellectual property brokerage division of ICAP plc (IAP.L) and the world's premier patent auction firm, will host the world's first Pharma Small Molecule Live Auction on March 31, 2011 in New York City.

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Responding to industry demand for a streamlined and efficient marketplace for drugs and drug candidates at all stages of development, ICAP Ocean Tomo will open up its auction platform to include pharma small molecules. With over $150 million transacted since 2006, our live auctions are the first and only forums where sellers are matched with the right buyers in an engaging, flexible environment.  Our auctions are proven to successfully and efficiently monetize IP and technology, with full and fair disclosure, standardized agreements and transactions, and structured due diligence documentation.  

"The ICAP Ocean Tomo Pharma Small Molecule Drug Auction will act as a centralized repository for pharmaceutical transactions, offering sellers and buyers an efficient forum to manage and optimize their portfolios, either through selective divestitures or acquisitions," said Dr. Thomas Reilly, ICAP Ocean Tomo Life Sciences Group Vice President.

Drugs and drug candidate submissions will be accepted through the third and fourth quarters of 2010. To learn more about ICAP Ocean Tomo's Life Sciences Practice or how to participate in the Spring 2011 Pharma Small Molecule Live Auction, please visit www.icapoceantomo.com/pharma or contact Dr. Thomas Reilly at [email protected] or Dr. Cameron Gray at [email protected].

ICAP Ocean Tomo will hold a Fall Auction in Napa, California on November 11, 2010. This auction will feature many medical device and pharmaceutical technologies.

About ICAP Ocean Tomo LLC

ICAP Ocean Tomo is the intellectual property brokerage division of ICAP and the world's premier patent auction firm.

About ICAP

ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.

SOURCE ICAP Ocean Tomo