Dr. Gary Karlin Michelson, Found Animals Foundation, Forbes billionaire, 20 Million Minds, Alya

Dr. Gary Karlin Michelson, Found Animals Foundation, Forbes billionaire, 20 Million Minds, Alya
Dr. Gary Karlin Michelson, Found Animals Foundation, Forbes billionaire, 20 Million Minds, Alya

Tuesday, September 3, 2013

Gary Michelson and the Medtronic settlement revisited

Dr. Gary Michaelson, Karlin Technology, article about the Medtronic settlement from the New York Times.

"Dr. Rick Sasso, a spinal surgeon from Indianapolis, said he did not think that Dr. Michelson's ideas were all totally original, but that he was very adept at getting patents. "He didn't make any of those things," Dr. Sasso said. "He didn't manufacture. He got some ideas and wrote them on a piece of paper and filed them with the patent office."

My comment: What's interesting is the threaded spinal cage wasn't his idea at all. He took it from someone else and was just the first to patent it. That's worse than a patent troll.

"Medtronic, which had previously called the jury award excessive and unjustified, on Friday portrayed its settlement as a strategic acquisition. Michael DeMane, president of Medtronic's spinal subsidiary, Sofamor Danek, said on a conference call with analysts that the patent portfolio would "enhance our leadership position."

"Mr. Viscogliosi said Medtronic's decision to buy the patents was a brilliant move because it gave the company more leverage over competitors. The deal requires an antitrust clearance from the federal government. "

My comment: Medtronic owes his some royalties then agrees to buy the rest of his patents when they realize they could control the spine industry. They spin negative news into good news and get a $10 bump on the share price. Shareholders are happy.

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