Montana Patent of the Month – March 2023

Bacterin International, Inc., a company focused on developing innovative medical products, has patented a new hydration medium that can be used for the storage and rehydration of biological tissue products. The solution is formulated with specific concentrations of dissolved ions to preserve the inherent characteristics of biological tissues while keeping them in a hydrated state.

The retention of physical properties of biological tissues is essential in various medical applications, and the hydration medium developed by Bacterin International aims to address this need. By preserving the characteristics of biological tissues, it allows for improved patient outcomes and more efficient medical procedures.

The hydration medium contains sodium phosphate, calcium silicate, and water. It can also include at least one of potassium, chloride, and magnesium, as well as an additional solvent such as ethanol, dimethylsulfoxide, or glycerol. The pH of the solution is between 7.0 and 7.7, and the osmolality is between 200 and 400 milliosmoles per kilogram. These specific metrics are crucial to maintaining the tissue’s viability.

The method of using the hydration medium involves placing the biological tissue product in the solution, removing it, and implanting it into a patient. The duration of contact between the tissue and the hydration medium can vary from less than 48 hours to up to five years, depending on the desired outcome.

Bacterin’s hydration medium can be used to store and rehydrate various biological tissues, including bone, connective tissue, and cartilage. The storage temperature can range from -135°C to 60°C, allowing for a wide range of applications.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Are you eligible?

R&D Tax Credit Eligibility AI Tool

Why choose us?

directive for LBI taxpayers

Pass an Audit?

directive for LBI taxpayers

What is the R&D Tax Credit?

The Research & Experimentation Tax Credit (or R&D Tax Credit), is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The credits are a tax incentive for performing qualified research in the United States, resulting in a credit to a tax return. For the first three years of R&D claims, 6% of the total qualified research expenses (QRE) form the gross credit. In the 4th year of claims and beyond, a base amount is calculated, and an adjusted expense line is multiplied times 14%. Click here to learn more.

Never miss a deadline again

directive for LBI taxpayers

Stay up to date on IRS processes

Discover R&D in your industry

R&D Tax Credit Preparation Services

Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed provides state and federal R&D tax credit preparation and audit services to all 50 states.

If you have any questions or need further assistance, please call or email our CEO, Damian Smyth on (800) 986-4725.
Feel free to book a quick teleconference with one of our national R&D tax credit specialists at a time that is convenient for you.

R&D Tax Credit Audit Advisory Services

creditARMOR is a sophisticated R&D tax credit insurance and AI-driven risk management platform. It mitigates audit exposure by covering defense expenses, including CPA, tax attorney, and specialist consultant fees—delivering robust, compliant support for R&D credit claims. Click here for more information about R&D tax credit management and implementation.

Our Fees

Swanson Reed offers R&D tax credit preparation and audit services at our hourly rates of between $195 – $395 per hour. We are also able offer fixed fees and success fees in special circumstances. Learn more at https://www.swansonreed.com/about-us/research-tax-credit-consulting/our-fees/

R&D Tax Credit Training for CPAs

directive for LBI taxpayers

Upcoming Webinars

R&D Tax Credit Training for CFPs

bigstock Image of two young businessmen 521093561 300x200

Upcoming Webinars

R&D Tax Credit Training for SMBs

water tech

Upcoming Webinars

Choose your state

find-us-map

Recent Posts