Congratulations, your medical device is a success! But don’t celebrate yet—patent litigation may be next (objectively speaking). Patents are a strategic asset in medtech, where proprietary innovation is key to improving patient outcomes, driving company growth, and securing investment. Since competitors, investors, and opportunistic non-practicing entities (NPE) are aware of the strategic advantages of patents, medical device companies should plan for patent litigation as though it’s inevitable.
Regardless of a company being a plaintiff asserting patents or a defendant accused of infringement, there are several concrete steps companies can take now to boost their chances of success before the gavel ever falls.
LINKS
Read “How Smart Business Leaders Prepare for a Patent Fight,” co-authored by David J. Dykeman and Matthew J. Levinstein, published in Medical Product Outsourcing.