Here are time and money saving patent strategies for early-stage medtech companies.  

Roman Fayerberg and David J. Dykeman

Venture capital (VC) funding for medical technology companies has been challenging in recent years. A strategic patent portfolio is crucial to a medtech company’s growth and survival and can help secure funding. A recent study found that a startup has about a 2.5 times greater chance of achieving success within 10 years of VC investment if it holds patents before the investment. For early-stage medtech companies, patents are often an important way for investors to place a value on a company’s technology and judge the potential success of the...

August 21st, 2015
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 Lindsey Graham

 

This year, Lindsey Graham cosponsored Senate Bill 149, the Medical Device Access and Innovation Protection Act, to eliminate the medical device excise tax.

Despite enrolling in the ACA, Graham—a U.S. Senator from South Carolina since 2003—called the federal health insurance program an “albatross” and “lead balloon.”

He says, “...President Obama and his Democratic allies in Congress rammed through their hastily and deeply flawed legislation to create...

August 20th, 2015
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Mike Huckabee

Former Arkansas governor Mike Huckabee described the ACA as “a $2.2-trillion disaster that dumps millions of people into a broken, expensive system and does nothing to fix the basic problems everyday Americans face.”

And he called the recent King v. Burwell Supreme Court decision protecting the ACA “an out-of-control act of judicial tyranny," saying "The Supreme Court cannot legislate from the bench, ignore the...

August 20th, 2015
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 Bobby Jindal

 

Bobby Jindal, governor of Louisiana since 2008, signed state legislation authorizing research and development credits of up to 40% for emerging firms and 8% for those with more than 100 employees.

He supports the repeal of ACA and cautions against Republican development of “Obamacare Lite,” a version of the national healthcare program with fewer tax dollars. “The problem with programs that look like Obamacare is that they bring with them many of Obamacare’s problems,” he explains.

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August 20th, 2015
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John Kasich

 

John Kasich called telemedicine and medical devices “cutting-edge industries we must have in Ohio” in his state-of-the-state address this year.

The Ohio governor since 2011 expanded Medicaid to his state’s constituents and last year said full-scale repeal of the ACA “was not gonna happen.”

 

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August 20th, 2015
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Rand Paul

 

Rand Paul submitted a Senate Joint Resolution in 2013 disapproving of and nullifying the medical device excise tax under chapter 8, title 5 of the IRS rule of the Department of Treasury.

Adamantly opposed to the ACA, the Kentucky Senator for the past four years recently delivered a speech in which he promised to “make it my mission to heal this nation… and to repeal every last bit of Obamacare!”

 

August 20th, 2015
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Rick Perry

 

Rick Perry, governor of Texas from 2000 to 2005, has suggested Congress repeal but not replace the ACA, saying healthcare falls under state’s rights.

After the King v. Burwell Supreme Court decision, he issued a statement saying, “The Obama Administration has ignored the text of the Affordable Care Act time and again, and today’s ruling allows them to continue to disregard the letter of the law. Texas tax code renders medical device excise taxes, part of sales tax revenue, reimbursable. The state comptroller regards such taxes...

August 20th, 2015
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 Marco Rubio

 

Marco Rubio, the junior senator from Florida—a state that ranks second for FDA-approved medical device manufacturers—made one of the core planks of his presidential run the repeal and replacement of the ACA.

He outlined a three-part replacement healthcare plan that would reduce the value of employer-sponsored tax exclusions.

 

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August 20th, 2015
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Rick Santorum

 

Rick Santorum, former U.S. senator from Pennsylvania, once compared the ACA to “apartheid,” systematic racial segregation in South Africa.

Santorum, who routinely calls for the ACA's repeal, blames former presidential candidate Mitt Romney for signing in the Massachusetts law that became the blueprint for national health insurance.

 

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August 20th, 2015
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 Donald Trump

 

Donald Trump, the current Republican frontrunner, American businessman, and reality TV host, has expressed no stance on the medical device excise tax.

He calls the ACA “a disaster," but believes in "healthcare for everybody,” saying “You can't let the people in this country, the people without the money and resources, to go without healthcare."

 

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August 20th, 2015
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