Indiana Patent of the Month – February 2021
Healing fractures and surgical management methods often require ways to promote bone growth. For instance, spinal fusion procedures can be used to correct a variety of disorders such as scoliosis, or pain caused by compressed spinal nerves. Certain molecules, like oxysterols, are deemed osteogenic and help to promote bone growth. Scaffolding is often used when directing bone growth, but is unreliable as they are often brittle materials. Warsaw Orthopedic, Inc has designed an improved implant which allows slow release of oxysterols. Their implant would be made of a biodegradable polymer, such as collagen, and includes microspheres of oxysterols. As the oxysterols are released, the collagen allows bone cells to grow and fill the cavity.
Are you redesigning existing technology? 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.
About Warsaw Orthopedic
Warsaw Orthopedic is a child company of Medtronic: a global leader in medical technology, services, and solutions.
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.