Strategic Intellectual Property Management and spin offs during Medical Device Innovation and commercialisation

  • Suchita Markan AGM, BCIL

Abstract

Intellectual Property (IP) protection for medical technology innovations is a milestone, generally undermined by Start-ups. Effective and timely IP protection acts as a lifeline for entrepreneurs/start-ups as it not only helps them attract investments and get competitive advantage but also enables marketing tie-ups and potential acquisition by larger companies. This article delineates the strategies for effective IP protection during different phases of technology development to enable medical technology innovators unlock IP potential of their innovations thereby gain competitive edge as well as reap financial rewards. Some interesting case studies and experience sharing by entrepreneurs have also been included for empirical understanding and to serve as practical tools for innovators working in medical device innovation space.

Keywords: Innovation, Medical Device, Intellectual Property, Strategy, Commercialisation, Entrepreneurship

Downloads

Download data is not yet available.

References

1. Stefanos Zenios, Josh Makower, Paul Yock, Todd J Brinton, Uday N. Kumar, Lyn Denend, Thomas M. Krummel. Biodesign: The Process of Innovating Medical Technologies [Internet]. Cambridge University Press; 2009 [cited 2021 Apr 02]. Available from: https://www.gsb.stanford.edu/faculty-research/books/biodesign-process-innovating-medical-technologies
2. Trippe A. World Intellectual Property Organisation (WIPO). 2015 - Guidelines for Preparing Patent Landscape Reports [Internet]. WIPO; 2015 [cited 2021 Apr 05]. Available from: https://www.wipo.int/edocs/pubdocs/en/wipo_pub_946.pdf
3. European IPR Helpdesk: Fact Sheet Intellectual property considerations for medical devices [Internet]. European Commission; 2015 Sept [cited 2021 Jun 14]. Available from: https://www.iprhelpdesk.eu/sites/default/files/newsdocuments/Fact-Sheet-IP-Considerations-for-Medical-Devices.pdf
4. Seedcamp - Understanding Intellectual Property: Ownership [Internet]. Seedcamp; 2019 [cited 2021 Apr 12]. Available from: https://seedcamp.com/resources/understanding-intellectual-property-ownership/
5. Avoid jointly owned Intellectual Property-Intellectual Property Expert Group (ipeg) [Internet]. Ipeg; 2021 Mar 28 [cited 2021 Apr 14]. Available from: https://www.ipeg.com/avoid-jointly-owned-intellectual-property/
6. Lipsitz R. United States: Practical advice for managing IP issues in outsourcing transactions [Internet]. Kramer Levin Naftalis & Frankel LLP [cited 2021 April 15]. Available from: http://www.buildingipvalue.com/06US_Can/105_108.htm
7. Nirwan P. Trade secrets: the hidden IP right [Internet]. WIPO; 2017 Dec [cited 2021 Apr 17]. Available from: https://www.wipo.int/wipo_magazine/en/2017/06/article_0006.html
8. WIPO Intellectual Property Handbook. Publication No. 489 (E) ISBN 978-92-805-1291-5 WIPO 2004 Second Edition [Internet]. WIPO; 2008 [cited 2021 Apr 28]. Available from: https://www.wipo.int/edocs/pubdocs/en/intproperty/489/wipo_pub_489.pdf
9. Pandey S. Anticipation of Invention by Intepat [Internet]. Intepat; 2016 Dec 02 [cited 2021 May 02]. Available from: https://www.intepat.com/invention/anticipation-of-invention/
10. Differences in Patent Eligibility Around the World [Internet]. Morningside Translations Global Solutions; 2018 Sept 06 [cited 2021 May 01]. Available from: https://www.morningtrans.com/differences-in-patent-eligibility-around-the-world/
11. Use of Patent Information (Prior Art) for Technology Management, Yumiko Hamano Innovation and Technology Transfer Section, Patent Division, World Intellectual Property Organization (WIPO) 2009 [Internet]. WIPO; 2009 [cited 2021 May 02]. Available from: https://www.wipo.int/edocs/mdocs/aspac/en/wipo_ip_cm_09/wipo_ip_cm_09_topic7_01.pdf
12. Basics of Patent Searching: WIPO Patent Drafting Course for Patent Agents from the ARIPO Member States and Observer States Bastiaan Koster [Internet]. WIPO; 2013 [cited 2021 May 01]. Available from: https://www.wipo.int/edocs/mdocs/africa/en/wipo_pat_hre_15/wipo_pat_hre_15_e_1.pdf
13. Patentability Searching and Freedom to Operate by Origin IP [Internet]. Originip [cited 2021 May 02]. Available from: https://www.originip.com/patentability-searching-freedom-to-operate
14. Dykeman D. J. Building a Strategic Patent Portfolio that Doesn’t Break the Bank. Global Life Sciences & Medical Technology Group, Greenberg Traurig LLP [Internet]. 2018 July 09 [cited 2021 May 01]. Available from: https://www.mpo-mag.com/issues/2018-09-07/view_columns/building-a-strategic-patent-portfolio-that-doesnt-break-the-bank/
15. PCT FAQs Protecting your Inventions Abroad: Frequently Asked Questions About the Patent Cooperation Treaty (PCT) [Internet]. WIPO; 2020 Apr [cited 2021 May 02]. Available from: http://www.wipo.int/pct/en/faqs/faqs.html
16. Fayerberg R. and Dykeman D. J. Importance of Maintaining A Balanced Patent Portfolio Building a Strategic Patent Portfolio [Internet]. Intepat; 2017 May 26 [cited 2021 May 03]. Available from: https://www.intepat.com/blog/patent/importance-patent-portfolio/
17. European IPR Helpdesk: Fact Sheet Intellectual property considerations for medical devices [Internet]. European Commission; 2015 Sept [cited 2021 May 01]. Available from: https://www.iprhelpdesk.eu/sites/default/files/newsdocuments/Fact-Sheet-IP-Considerations-for-Medical-Devices.pdf
18. Newmarker C. Connected medical devices require strategic patents: Here’s why [Internet]. Medical Design & Outsourcing; 2019 Mar 05 [cited 2021 May 02]. Available from: https://www.medicaldesignandoutsourcing.com/connected-medical-devices-require-strategic-patents-heres-why/
19. WIPO: Industrial Designs [Internet]. WIPO [cited 2021 May 01]. Available from: https://www.wipo.int/designs/en/
20. Booth C. Freedom to Operate for Medical Devices [Internet]. Astrazeneca IP; 2010 Oct 11 [cited 2021 May 02]. Available from: https://www.rsc.org/images/CatherineBooth_tcm18-192431.pdf
21. IP and Business: Launching a New Product: freedom to operate, WIPO Magazine [Internet]. WIPO; 2005 Sept [cited 2021 May 03]. Available from: https://www.wipo.int/wipo_magazine/en/2005/05/article_0006.html
22. Introduction to trademark law & practice the basic concepts a WIPO training manual Geneva 1993 (Second Edition) [Internet]. WIPO; 1993 Feb [cited 2021 May 02]. Available from: https://www.wipo.int/edocs/pubdocs/en/wipo_pub_653.pdf
23. A Handbook of Copyright Law, Government of India, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry [Internet]. Copyright Office [cited 2021 May 02]. Available from: http://copyright.gov.in/documents/handbook.html
24. European IPR Helpdesk: Fact Sheet Intellectual Property Valuation [Internet]. European Commission [cited 2021 May 02]. Available from: www.iprhelpdesk.eu
25. WIPO: Enforcement of Intellectual Property Rights [Internet]. WIPO; 2013 [cited 2021 May 03]. Available from: https://www.wipo.int/publications/en/details.jsp?id=357&plang=EN
Statistics
484 Views | 357 Downloads
How to Cite
Markan, S. “Strategic Intellectual Property Management and Spin Offs During Medical Device Innovation and Commercialisation”. International Journal of Drug Regulatory Affairs, Vol. 9, no. 2, June 2021, pp. 43-51, doi:10.22270/ijdra.v9i2.469.