The Only Specialized Global Intellectual Property News Agency
A Member of Talal Abu-Ghazaleh Global

banner

Boston Scientific Welcomes Passage of Patent Reform Bill

28-Jun-2011 | Source : AG-IP News | Visits : 8322
NATICK, Mass. - Boston Scientific Corporation today welcomed in a press release approval by the US House of Representatives of the America Invents Act of 2011. The legislation, introduced by Rep. Lamar Smith (R-Texas), is a bipartisan bill intended to modernize the US patent system. The Senate passed similar legislation in March. The Company issued the following statement in response to House approval:

"As a worldwide developer of medical devices, whose advanced technologies are used in a broad range of interventional medical specialties, we value an effective and efficient patent system that can keep pace with the rapid innovation demonstrated by our company and industry. Patients around the world benefit from our life-saving products, and they are worthy of a modern patent system that will protect intellectual property while advancing the development of new medical technology.

"As one of the largest patent holders in America, we have directly experienced the challenges facing our current system. The America Invents Act is critical to ensure the U.S. Patent and Trademark Office has the available resources to upgrade procedures within our system, review applications in a timely manner and provide the means to strengthen protections on issued patents.

"We applaud the strong, bi-partisan 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."

Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a broad range of interventional medical specialties. For more information, please visit: www.bostonscientific.com.

share



Related Articles