Pharmaceutical Derivative Financial Products
OwnerBradford Charles Sippy, Lisa Marie Sippyinventors
Life of this patent
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Abstract
The present invention describes the creation of derivative financial products such as options, futures, and other derivatives whereby the underlying asset of the derivative is based on a performance indicator, such as prescription volume or prescription market share, of one or more pharmaceutical product(s).
Claims9
A method implemented at least partially in a programmed computer for offering for sale a derivative financial product, the method comprising:
- creating, by said computer a derivative financial product wherein the said derivative financial product has an underlying asset based on a prescription market share of a pharmaceutical product, an exercise price based on said underlying asset wherein the exercise price is within the range of 0 to 100, a standard unit for said underlying asset wherein the standard unit is within the range of 0 to 1000, and a time of expiration for a combination of said underlying asset, said standard unit and said exercise price wherein the time of expiration is within the range of 1 month to 5 years from a date of issue of said derivative financial product;
- selling said derivative financial product to a buyer.
A method implemented at least partially in a programmed computer for offering for sale a derivative financial product, the method comprising:
- creating, by said computer a derivative financial product wherein the said derivative financial product has an underlying asset based on a unit volume of a pharmaceutical product, an exercise price based on said underlying asset wherein the exercise price is within the range of 0 to 1 billion, a standard unit for said underlying asset wherein the standard unit is within the range of 0 to 1 million, and a time of expiration for a combination of said underlying asset, said standard unit and said exercise price wherein the time of expiration is within the range of 1 month to 5 years from a date of issue of said derivative financial product;
- selling said derivative financial product to a buyer.
A method implemented at least partially in a programmed computer for offering for sale a derivative financial product, the method comprising:
- creating, by said computer a derivative financial product wherein the said derivative financial product has an underlying asset based on a prescription volume of a pharmaceutical product, an exercise price based on said underlying asset wherein the exercise price is within the range of 0 to 1 billion, a standard unit for said underlying asset wherein the standard unit is within the range of 0 to 1 million, and a time of expiration for a combination of said underlying asset, said standard unit and said exercise price wherein the time of expiration is within the range of 1 month to 5 years from a date of issue of said derivative financial product;
- selling said derivative financial product to a buyer.
Dependencies are inferred from the claim text.