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Maximizing Your IP Protections in Digital Health

Digital health is experiencing a boom in investment as the regulatory environment becomes more supportive of digital health services. But as companies seek to make the most of their funding and protect the innovations that drive their product, it is imperative that they protect their intellectual property from being copied or duplicated by others in the market. What exactly is IP? Intellectual Property (IP) is generally non-tangible property. You can hold your laptop in your hands or you can stand on a piece of land -- those are both tangible examples of property. Intellectual property cannot be physically held or touched. Protections available for intellectual property generally break down into one of four areas: patents; trade secrets, trademark, and copyright. Patent protection offers an additional layer of protection for digital health solutions compared to copyrights. For example, a company may be eligible for a patent if it has innovated a new approach...

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New Podcast | Protecting Your Tech: IP Considerations in Digital Health

Digital health companies are producing innovative products at a rapidly accelerating pace and experiencing a boom in investments and demand as the regulatory environment becomes more supportive of digital health services to both improve patient care and stay profitable. Protecting intellectual property (IP) and building a feasible data strategy to support the research and development endeavor are essential steps for companies in their drive toward commercialization and return on their investment. On this episode of the Of Digital Interest podcast, McDermott partners Bernadette Broccolo (Health) and Ahsan Shaikh (IP), explore key issues for digital health companies, their collaboration partners and investors, and start-ups to consider, including: What is currently patent eligible in the digital health space? What patent-eligible trends and opportunities are we seeing? How do laws governing data sharing among digital health collaborators impact the research and...

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Tackling Increased Cybersecurity Requirements in the Defense Industrial Base

On January 30, 2020, the US Department of Defense (DoD) released version 1.0 of the Cybersecurity Maturity Model Certification (CMMC) framework, which is available here, with appendices available here. This highly anticipated 390-page release supersedes the prior draft versions, the last of which was released in December 2019. The DoD will begin requiring contractors to obtain certification under the CMMC later this year, giving companies in the supply chain little time to assess their obligations, identify and remediate cybersecurity weaknesses that might preclude their desired certification, retain an appropriate certification vendor and obtain the certification. This certification process raises a host of legal considerations. For instance, the identification of cyber weaknesses requires a candid and thorough assessment that will result in a list of the areas where the contractor’s cybersecurity is lacking. This list may be critical in mitigating cyber...

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Patenting Your Digital Health Tech: When, Why and How

The digital health market is expected to grow beyond $379 billion by 2024, with a 27.7 percent compounded annual growth rate over the coming years. This activity is fueled by increasing demand for remote monitoring services, favorable government initiatives and funding, and the proliferation of mobile intelligent devices. An article by Rock Health noted that in 2018, “investors poured nearly $8.1B into the sector, surpassing 2017’s record-setting total of $5.7B by a whopping 42%.” Amidst this growth, digital health startups are seeking to make the most of their funding and protect the innovations that drive their product. To do so, they must protect their intellectual property from being copied or duplicated by others in the market. Patents offer the strongest form of protection for innovations and can lead directly lead to increased investment. For digital health startups that eventually go public, valuation can reach $1.1 million per software patent...

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McDermott to Host Social Media Best Practices Panel on June 4, 2014

Planning to be in the Chicago area on June 4?  Register to attend this interactive panel discussion regarding best practices for social media policies. The panelists multi-disciplinary perspective will include privacy, intellectual property and employment law issues related to the use of social media in the workplace. For more information and to register, click here.

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