Lloyd Marks: An Experienced Medical Technology Consultant
I am an engineer, physician inventor, MBA and entrepreneur with 22 medical device patents and 4 non-medical device patents. I have done well financially from my inventions. I have 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 shock. 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 and assessment of buyout opportunities.
My name is Lloyd Marks I am an MIT trained electrical engineer and Johns Hopkins Trained Pediatric Cardiologist. I was in academic medicine for 15 years, as the Director of the Cardiac Cath Lab 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 there, I wrote a business plan with financial projections for my startup company. 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.com.
I have negotiated and entered nine royalty licenses and assigned eight patents to my startup company, MGI Medical. Other than this, I have been involved in protracted patent infringement litigation with a successful outcome.
I have analyzed and successfully invested in various medical technology organizations. Clients from medical device companies have come to me for consulting services on product design and the assessment of buyout opportunities.
Most of the ideas for my medical device inventions came from a need that I observed from my colleagues' practices. The combination of my time in practicing medicine and as an engineer allows me to offer advice from both perspectives.