Life Science Fast Track - Building your IP Strategy
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Transcript of Life Science Fast Track - Building your IP Strategy
Nutter McClennen & Fish LLP
Seaport West
155 Seaport Boulevard
Boston, Massachusetts 02210
Telephone 617.439.2000
nutter.com
Building Your IP Strategy
November 18, 2014
Michael Curley, Thermedical, Inc.
Heather Repicky, Nutter McClennen & Fish LLP
Derek Roller, Nutter McClennen & Fish LLP
Nutter McClennen & Fish LLP • nutter.com 2
What is an IP Strategy?
Short
Term
Business
Goals
$
Long Term
Business
Goals
Marketplace
&
Competitors
Technical
Need
Timing
A roadmap of how IP will support the business
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An IP Strategy Should Identify:
• Offensive uses of IP – Create barriers to entry for
competitors
• Defensive uses of IP – Keep control of the important
aspects of the business
• IP assets – How the IP portfolio can build value
• IP liabilities – How to avoid potholes
What is an IP Strategy?
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Types of Intellectual Property
• Patents
• Trademarks/Trade Dress
• Copyrights
• Trade Secrets
• Employment Agreements & NDAs
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Patents
“Whoever invents or
discovers any new and
useful process, machine,
manufacture or composition
of matter, or any new and
useful improvement thereof,
may obtain a patent . . . . ”
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Patents
• First-to-file system
• 20 year term
• On-sale/Public disclosure bar
• Territorial rights
• $$
4 Basic Patent Issues Will Immediately Come Into
Play As You Are Developing Your IP Strategy
First-to-File
• Not necessarily a rush to
USPTO
• IP evaluation system
• File patent
vs.
Defensive publication
• Extra care if under first-to-
invent
• Early provisionals an option
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Ways to Expedite Patenting Process
• Track One Prioritized
Examination
• Accelerated Examination
• Patent Prosecution Highway
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Trademarks and Service Marks
Definition: word, phrase, symbol, or
design that is used to identify the
source of goods/services and to
distinguish them from others
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Trademarks and Service Marks
• Think about developing a brand
• Clear your mark
• Consider filing for trademark registration,
even if you have not begun using the mark
Quick Tips for Trademark Issues:
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Copyrights
• Requirements: Original work of author
• Ownership: Author, unless work made for hire
• Open Source Issues
Not just relevant
to painters and novelists.
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Trade Secrets
Definition: (1) Information that derives an
economic value and is not readily
ascertainable, and (2) reasonable effort
is made to maintain secrecy
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Employment Agreements & NDA’s
• Ownership of IP
• Non-competition Agreements (jurisdictional)
• Use of NDAs with vendors/suppliers
• Spend time coming up with a description that
doesn’t reveal your trade secrets but shows
the company value
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Saline-Enhanced RF (SERF™) Ablation
A Therapy Platform
Michael G. Curley, Ph.D.
Conventional RF Ablation
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RF Current
Heating Field
Conventional RF Ablation
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Charring at Electrode
Small
Treatment
Volume
RF Ablation Challenge
Saline Enhanced RF (SERF™) Ablation
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Cool Saline
In-line
Saline Heater
Warm
Saline Injection
RF Energy
Treats 100 times the volume
of RF ablation alone
Thermedical Background
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SERF™ Ablation for Liver Cancer
• 1.7M liver cancer incidence
• 80% have no therapeutic options
•SERF Ablation will be curative
Platform Technology
SERF System
Liver Cancer Needle
Saline Enhanced RF (SERF™) Ablation
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Results: Porcine Liver
RF Only SERF
Ventricular Tachycardia
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VT is a fatal arrhythmia
• 600,000 new cases / year
Treated with ICDs
• Painful
• Expensive - costs > $ 75,000
• $ 7B annual WW Market
Preclinical SERF Research
• Transmural lesion demonstrated without
cardiac perforation
SERF will be curative for VT
• Inexpensive - cost < $ 20,000
Thermedical History
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$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
Money R
ais
ed (
$M
)
Year
Investment
Grants
First US Patent Awarded
First Meeting on IP Strategy
Discussion Topics
• Development of an IP
strategy
• Use of IP in fundraising
• Working IP into the
culture
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• Anticipating changes to
business goals
• Building the portfolio
intelligently
• Role of IP in exit
strategy
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Questions?