Navigation Links
Intellectual Property Insurance for the Medical-Related Products Industry
Date:8/20/2013

LOUISVILLE, Ky., Aug. 20, 2013 /PRNewswire/ -- Manufacturers, suppliers and distributors of innovative medical-related products and technologies must be able to protect their most important business assets, intellectual property (IP).

(Logo:  http://photos.prnewswire.com/prnh/20130716/CL46586LOGO )

Because of the highly-competitive nature of the Medical Device Industry, it steadfastly remains one of the most litigious industry sectors of cases involving IP infringement. This litigious nature can easily be accredited to fast, ever-changing technology. Whether it's defending their products against predatory business practices of others, maintaining their place in the market, or enforcing their IP rights to prevent others from copying their ideas, making it their own and taking precious market share away, IP litigation is expensive and time-consuming.

IP insurance enables the policy holder to fund the litigation to enforce IP rights and/or defend against charges of IP infringement, successfully. This insurance ensures the policy holder can get through an IP lawsuit on the merits of the case, not on who has the deeper pockets to fund a lawsuit. Given its 22 year track record of success, only IPISC has been able to offer the market a full scope of IP-specific coverage including Defense, Abatement, Multi-Peril and Unauthorized Disclosure policies on a worldwide basis. IPISC has helped ensure that the funds and the litigation support have been available for the policy holder to get through the litigation process.

IPISC's president, Robert Fletcher, reminds, "It is important for this industry in particular to understand that IP exposure can be a significant risk, yet many are not proactively advising or being advised about the availability of IP insurance. Assessing IP risk and ensuring that the right insurance protection is in place for this potentially devastating and costly exposure is essential to a company's overall financial survival. As a matter of fact, we are winding up a case right now where the Insured would be out of business if they had not had the IP policy."

IP insurance is quickly becoming the most logical and economical choice that the Medical industry can make to ensure that the means are available to fund the high cost and consequences of IP litigation. For further information, please contact Janet Zahnd, Sales/Marketing Manager, at jzahnd@patentinsurance.com, 502-855-5314, www.patentinsurance.com.

About IPISC

IPISC is the industry leader and expert in Intellectual Property Insurance.  Because we have been in the business of managing risk and protecting the value of client's IP assets for over 22 years, we have developed products that use advanced strategies to become market leaders in the dynamic field of IP insurance.  We are committed to providing you top-notch underwriting, insurance products and services.


'/>"/>
SOURCE Intellectual Property Insurance Services Corporation
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Biodels Intellectual Property Position Strengthened for Ultra-Rapid-Acting Insulin Programs by Notice of Intent to Grant from European Patent Office
2. iBio Announces Important Expansion of its Intellectual Property Portfolio: Allowance of Patent for Anthrax Vaccines and Further Application of Modulator Platform
3. Roche Selects Thomson Reuters to Transform the Management of Its Intellectual Property Assets
4. Call for Submissions: ICAP Patent Brokerage Announces Expansion of Life Sciences Practice and Increased Buyer Interest in Related Intellectual Property
5. Inovio Expands Synthetic Vaccine Intellectual Property License With University of Pennsylvania
6. Imprimis Pharmaceuticals, Inc. Acquires Intellectual Property Assets from Buderer Drug Company
7. HemoShear Relocates and Expands Operations to Historic Martha Jefferson Property in Charlottesville, Virginia
8. GlaxoSmithKline and Liberty Property Trust/Synterra Partners Transform the Work Environment with the Opening of Five Crescent Drive
9. GlaxoSmithKline and Liberty Property Trust/Synterra Partners Transform the Work Environment with the Opening of Five Crescent Drive Today
10. Pro-Dex, Inc. Announces the Sale of Its Carson City, Nevada Property
11. Judge Upholds $3.3 Million Judgment In Favor of Fox Insurance Company Against Former Pharmacy Benefit Manager
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/9/2016)... HARRISBURG, Pa. , Dec. 9, 2016 ... today announced temporary regulations for medical marijuana dispensaries under ... The Pennsylvania Bulletin , and are now available ... what is needed in the plan for operation; process ... the dispensary; as well as where the dispensary facilities ...
(Date:12/8/2016)... 2016 Australia Glaucoma Surgery Devices Market ... report, "Australia Glaucoma Surgery Devices Market Outlook to ... Glaucoma Surgery Devices market. The report provides value, ... and average prices (USD) within market segement - ... company shares and distribution shares data for each ...
(Date:12/8/2016)... , Dec. 8, 2016 KEY FINDINGS ... the largest share of the market in 2016 and ... dominance can be attributed to a large number of ... (US hold the largest share in the patient temperature ... benefits such as reducing loss of blood during surgeries, ...
Breaking Medicine Technology:
(Date:12/10/2016)... ... , ... When faced with having to use a toilet away from home ... body, and contamination of children when they use public toilets. This inspired her to ... people face. , The patent-pending SANI-POCKET enables a person to use a public toilet ...
(Date:12/9/2016)... ... December 09, 2016 , ... ... from offices in Pasco and Richland, is initiating a charity drive to support ... resulting from a recent automobile collision. , On October 29th of this ...
(Date:12/9/2016)... ... December 09, 2016 , ... Flottman Company ... outserts. As a means of expanding capabilities Flottman has added a G&K ... individually code professional inserts (PIs) and patient package inserts (PPIs) that will marry ...
(Date:12/9/2016)... ... December 09, 2016 , ... The Justin Veatch Fund announced ... is recommending the film Whispering Spirits and its discussion guide for use ... an education tool in the war against teen drug abuse. NCADD is the ...
(Date:12/9/2016)... ... 2016 , ... An inventor from Cana, Va., wanted to fulfill the need ... park rides. , The patent-pending SAFETY STRAP FOR AMPUTEES improves accessibility. It eliminates discrimination. ... set up in a matter of minutes, or even seconds. The SAFETY STRAP FOR ...
Breaking Medicine News(10 mins):