About me
About Me
Lloyd Marks: An Experienced Medical Technology Consultant
I am a pediatric cardiologist, engineer, physician inventor, MBA and entrepreneur with 22 medical device and 5 sport equipment patents and have done well financially with them. I’ve negotiated and entered into 9 royalty licenses and assigned 8 patents to my startup company, MGI Medical, which makes a device that measures peripheral blood flow non-invasively for early detection of occult bleeding. I have been involved in protracted patent infringement litigation with a successful outcome. I have analyzed and successfully invested in medical technology companies. I have provided consulting services to medical device companies regarding product design, clinical trial design and assessment of buyout opportunities.
Professional Background
My name is Lloyd Marks. I’m an MIT trained electrical engineer, University of Michigan trained MD and Johns Hopkins Trained Pediatric Cardiologist. I was in academic medicine for 15 years, as the Director of the Cardiac Catheterization Laboratory at St. Christopher's Hospital for Children and the Division Chief of Pediatric Cardiology at the Children's Hospital of New Jersey. I was then in private practice for 18 years. After I closed my clinical practice in 2015, I went to business school and obtained my MBA from the Haslam School of Business, University of Tennessee.
While getting my MBA, I wrote a business plan with financial projections for my startup company, MGI Medical. Also, while there, I analyzed the technology and financials of medical device companies and ended up successfully investing in one of them. My CV can be found at www.lloydmarks.net.
I have negotiated and entered nine royalty licenses and assigned eight patents to my startup company, MGI Medical. I have been involved in protracted patent infringement litigation with a successful outcome.
Clients from medical device companies have come to me for consulting services on product design and the assessment of buyout opportunities.
Many of the ideas for medical device inventions came from a need that I observed from my or my colleagues' practices. The combination of my time in practicing medicine and as an engineer allows me to offer advice from both perspectives.