Tomorrow’s millionaires (and billionaires!) are not the ones with the most real estate, physical equipment or assets but the ones with the innovative ideas or what we eloquently call “Intellectual Property”. Think about well-known medical apps or software that you use such as Uber or Airbnb. Uber does not own any vehicles; Airbnb does not own any hotels. Yet both of these compani... Read MoreArchive for the ‘Drafting Medical Technology Patents’ Category
Your Simple Medical Idea Could Be Worth Millions!
Tomorrow’s millionaires (and billionaires!) are not the ones with the most real estate, physical equipment or assets but the ones with the innovative ideas or what we eloquently call “Intellectual Property”. Think about well-known medical apps or software that you use such as Uber or Airbnb. Uber does not own any vehicles; Airbnb does not own any hotels. Yet both of these compani... Read MoreDoes “Leapfrog” Innovation Exist In The Medical Device Sector?
NO, concludes a recent report by Qmed, adding that it’s increasingly defined by incremental improvements from medical device companies hampered by financial constraints as hospitals downsize operations and request device discounts. “In the past, it was commonplace for device makers to charge substantially more money for new products that only had minor improvements over the previous-genera... Read MoreHow Medical Research Leads to New Patent Ideas
A new patent pending medical device – based on scientific research – proves even simple innovations to existing products can be very lucrative. Surgical masks haven’t changed too much since 1918. It was the year of the Spanish Flu pandemic, and surgeons adopted cotton gauze masks during surgery to protect themselves from patient diseases. The interest in masks as germ barriers wa... Read More
Supreme Court Case Could Change Patenting and Prosecution of Medical Software Patents
I am awaiting my red-eye flight back home to Fort Lauderdale, Florida, after attending the 2nd Annual Medical Device Patenting Conference in San Francisco. It was a great conference on patenting with an emphasis on medical devices, software, and processes. There were a number of in-house and outside attorneys that focus their practices on the patenting of medical devices.&nbs... Read More
Single Letter Wrong in Medical Patent on Heart Surgury Solution Spells Disaster
Osmolarity vs. Osmolality – What a difference a single letter makes! Can getting a single letter of the alphabet wrong in an issued patent spell disaster when it comes to litigating against infringers? Unless the mistake is seen as being a minor typographical error that can be corrected by filing a certificate of correction, the answer is a resounding yes. Ha... Read More