Make your medical product ideas come to life: Intellectual property (IP)

IP. Many of us have heard the term “IP,” a commonly used abbreviation of “intellectual property.” IP includes patents, trade secrets, trademarks and copyrights. If you have an innovative idea that could, some day, save lives or improve patient outcomes, then being a little versed in IP, especially patents, could be very important. In the circle of medical innovation, the term IP is commonly used in conversation to mean “patents” or “patent position.” We will use the term IP similarly here in this column.

In my experience, IP is the first issue the inventor should analyze. Why? ...

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