Spherix Incorporated (Nasdaq: SPEX) provided an update on the Company’s monetization efforts and announced a collaboration agreement with Equitable IP Corporation (“Equitable”), a leading patent enforcement and monetization fund.
Spherix announced that Equitable and the Company have executed a collaborative agreement to monetize a portion of Spherix’s patent portfolio. Equitable is a patent enforcement and monetization fund that has brought together key leadership from the areas of investment fund management, patent litigation, and patent monetization strategy. The initial collaborative effort between Spherix and Equitable will involve monetization of the CompuFill patent portfolio, which relates to the telephonic refilling of patient prescriptions. The Company believes there is widespread infringement of this portfolio.