This is truly eye opening. All these years I thought Dr. Gary Michelson was a genius inventor. It appears he’s just an idea thief. He didn’t invent his biggest “invention” the threaded spinal cage. A horse veterinarian invented it years earlier. The vet then presented his idea at a symposium. Another doctor said he should use threads to keep the cage from slipping. Gary hears this idea and runs to the patent office with it. He beat the other doctor by a few months. The first to file gets the patent. Dr. Gary Michelson is worse than a patent troll. It appears he’s an outright patent thief. Read the article below and form your own opinion.
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 (on things he didn’t even really invent) 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.