View Mobile Site
zone code Advantage Code _
 

Ask the Expert

Signal Photos

 

Boston Scientific applauds patent reform

Posted: June 30, 2011 1:55 a.m.
Updated: June 30, 2011 1:55 a.m.
 

Boston Scientific applauded the approval of the America Invents Act of 2011, passed this week by the U.S. House of Representatives, in a statement issued by the company. Designed to modernize the country’s patent system, the Senate approved a similar bill in March.

The act protects the rights of the first party to file for patent approval, while still protecting the rights of early inventors, ending long, expensive discovery and litigation suits. The changes should help speed up patent approvals and clear up the backlog of patent applications.

Industry leaders, academic institutions and independent inventors are said to have supported the first patent reform in more than six decades. Passage of the act is seen as a means of encouraging innovation, job creation and economic growth by speeding up the patent process.

“As one of the largest patent holders in America, we have directly experienced the challenges facing our current system,” the company statement read.

The company said an effective and efficient patent system that can keep pace with the rapid innovation is welcome.

Many of the patents medical Boston Scientific, medical biotechnology company applies for benefit patients around the world with life-improving and life-saving products.

Since the last patent-reform act, desktop computers, the Internet and smartphones have altered the way science is conducted, scientists work together and the speed at which new innovations can be developed.

“We applaud the strong, bipartisan vote in favor of this important bill, and are confident that House and Senate negotiators can move quickly to resolve differences between the two bills and pass final legislation that will allow innovation to thrive in America.”

Comments

Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...