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5 things to do today (and 3 to avoid) to maximize value and avoid common intellectual property pitfalls.
️ Presented by:
Timothy Scott, medical device patent attorney at T Scott Consulting
By identifying and securing the intellectual property (IP) contained in your medical device as early as possible, you maximize the future value of your business and help avoid business and legal risks. At this point, your focus is likely on developing a viable prototype, clinical trials, or regulatory approval. It is also crucial that you consider your intellectual property early.
Experienced medical device patent attorney Timothy Scott will provide a brief overview of the basics of medical device patent law, then address key factors that are often overlooked, including: legal and regulatory considerations, risks (if you don't protect your IP as early as possible), identifying non-obvious, value-added, and next steps that apply to all medical device companies.
Presentation takeaways:
• What actually is patent law and what do patent lawyers do?
• Will you run into infringement if you wait to address IP?
• Problems with Software as a Medical Device (SaMD).
• How to stay out of trouble with your public announcements
• How to maximize your IP opportunities
• Business opportunities through intellectual property
Contact Galen Data for your healthcare connectivity needs:
https://www.galendata.com/contact/
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Timestamps
00:00 Webinar introduction.
00:43 Guest Timothy Scott Introduction.
01:24 Webinar Logistics.
01:51 Galen Cloud platform.
02:29 Webinar overview.
03:24 Poll: What type of organization do you represent?
04:30 What is intellectual property?
08:23 Value of patents.
13:22 IP functions.
15:58 Harvesting inventions.
20:33 Patent prosecution.
11:00 PM Product clearance.
25:18 Patentability standards.
31:41 Do not harvest/pursue.
35:45 Do's for harvesting/persecution.
40:08 Survey: What is your attitude towards intellectual property?
41:35 Your next steps…
45:12 Questions and answers.
59:00 Conclusion.
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