Wednesday, May 26, 2010

An Emerging Patent Boom?

Dennis Crouch's Patently O blog recently reported on the record increases in both the number of patent issuing and increases in the allowance rate (i.e., percentage of concluded applications that were allowed). In fact, the last three weeks have seen the highest number of issued patents in any three-week period in U.S.P.T.O. history. In addition, as reported by PriorSmart, there were more patents issued than applications publishedthe first time that has happened. That's a good sign for eventual reduction of the patent office's backlog of pending applications.