Medical Inventors
Medical Inventions
As the medical community evolves, so does the technology within it. If you need help getting your medical inventions out there, contact Lloyd Marks. I have a vast range of experience as an engineer, physician, and entrepreneur and I am passionate about getting new medical technology on the market so that it can help as many patients as possible.
Protecting Your Intellectual Property
With 22 medical device patents and two more pending, I have experience navigating the ins and outs of this industry. I am not a patent attorney, but I can help you determine whether there is a market for your medical invention and can help you choose a patent attorney. My priority is helping others, so you can count on me for honest and reliable advice.
If you need help protecting your intellectual property, reach out to me today. I am happy to help you through the process, including writing invention disclosures and preparing presentations for potential investors.
Consulting Services for Medical Inventors
Dr. Marks will conduct a literature and patent search and point out the differences and similarities of my findings with your invention. Based upon his research you can decide if you want to pay for an attorney to provide you with a patentability opinion. You may have a patentable invention, yet it may infringe on a prior patent. Thus, you may want an attorney to provide you with an infringement opinion. Alternatively, you can skip these steps and have your attorney just go ahead and file a provisional or utility patent. Also, you can file a patent yourself without paying for an attorney. Alternatively, you may decide not to apply for a patent but to keep your intellectual property as a trade secret. When you apply for a non-provisional patent, your application will be published, and your invention will be revealed to the public. These are important decisions. Dr. Marks can help you:
- Determine who owns the invention.
- Determine if there is a market for your invention.
- Assess the competition.
- Figure out how to prototype your invention.
- Improve your invention.
- Design clinical trials.
- Choose a patent attorney.
- Negotiate a favorable royalty or sale agreement.
- Write a business plan and make financial projections.
Give him a call. The initial consultation will be free.
If you want to invest in med-tech wisely, you should consider hiring a consultant who is a successful medical device inventor the founder of his own med-tech startup - someone who has experience in medicine, engineering, obtaining patents, licensing patents, selling patents, advising university technology transfer offices, and teaching. Dr. Marks can help you determine if the invention is a “solution looking for a problem,” or if it has commercial potential.
At Medical Invention Consulting, he brings the experience of an engineer, inventor, physician, businessperson, and entrepreneur all rolled into one. Dr. Marks trained in electrical engineering at MIT, medicine at the University of Michigan, pediatric cardiology at Johns Hopkins and received my MBA from the Haslam School of Business at the University of Tennessee.
He holds 22 medical device and 5 non-medical patents and has licensed most of them. He likes to say that he has a lifetime of not just having some major successes but has also made “every mistake in the book,” so he can help his clients avoid them. For example, you probably don’t know that an exclusive world-wide license is taxed as a capital gain whereas in a non-exclusive license, royalties are taxed as regular income. It made a $2M dollar difference in Dr. Marks’ favor when he found that out and had it corrected. Also, an invention may be good but sometimes the “form factor” must be changed to make it more useable and commercially viable.
With this background, Dr. Marks has knowledge you can benefit from to more accurately discern which inventions have potential and which will fail commercially.
Schedule A Free Consultation
Let me know how I can help with your ideas. Get in touch with me to schedule a consultation.