The first months of the project have sped by without any real roadblocks. The team’s prototypes are working better than expected
in the preliminary animal model. The 510(k) pathway appears straightforward. Existing reimbursement codes are in place to
cover the new technology. And the project has begun to attract some investor interest. Then an e-mail arrives from the patent
attorney: “See attached Patent Cooperation Treaty publication from Israel –; just uncovered. Please call immediately.”
As soon as a team has identified a promising new concept, it is time to start exploring intellectual property (IP) and developing an approach to patenting. A patent is a legal document that gives an inventor ...