Dr. Gary Michelson didn’t really invent his biggest invention that made him a billionaire

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. 
http://www.nytimes.com/2005/04/23/business/23medronic.html?_r=0

“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. 

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About Mary Cummins Animal Advocates Real Estate Appraiser

Mary Cummins is President of Animal Advocates. She is licensed with the California Department of Fish & Game, USDA and the City of Los Angeles to rescue and rehabilitate wildlife. Cummins speaks to local community groups and students about respecting wildlife and humane wildlife control. She is also a Humane Nuisance Wildlife Control Operator. She has written manuals on small mammal rehabilitation besides numerous articles. She was born and raised in Southern California. She attended Beverly Hills Good Shepherd Catholic School and Beverly Hills High School. Besides being a member of Junior Mensa and on the Dean's list, she was a top ten national swimmer and competed on the men's water polo team. She began college at the age of 15 attending the University of Southern California on scholarship, majoring in Psychology/Sociology. After college Cummins became a licensed real estate agent specializing in income property in Los Angeles. She obtained her real estate appraisal license, real estate brokerage license and currently does real estate consulting, expert witness testimony and review appraisals at Cummins Real Estate Services.
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