Mississippi Patent of the Month – March 2024
Zavation Medical Products, LLC, a medical device company, has been granted a patent for a new externally threaded orthopedic implant. Designed to seamlessly transition between a collapsed and expanded state, this innovative screw offers unparalleled versatility and precision in orthopedic insertion and expansion.
At its core, the expandable screw comprises an upper externally-threaded body segment, a lower externally-threaded body segment, and an expansion member connecting the two. This expansion member, extending along the screw’s longitudinal axis, facilitates the seamless separation of the upper and lower segments during expansion, ensuring a secure fit within the bone segment.
What sets this screw apart is its meticulous design. Each segment features threads meticulously crafted to secure the screw firmly within the patient’s bone. Moreover, the presence of elongated apertures, cutting through multiple turns of the threads, enhances the screw’s adaptability and ensures optimal performance during expansion.
The expansion process is streamlined and efficient, with the expansion member guiding the upper segment away from the lower segment in a single expansion direction. This eliminates the need for radial deflection, ensuring a smooth and controlled expansion process without compromising the screw’s integrity.
Additionally, the expandable screw is complemented by a sophisticated insertion tool, further enhancing its usability and efficacy in orthopedic procedures. This tool seamlessly connects to the screw, facilitating its actuation and expansion with precision and ease.
In practice, the expandable screw offers orthopedic surgeons a versatile solution for a wide range of procedures. Whether it’s spinal fusion, fracture fixation, or joint stabilization, this innovative screw streamlines the insertion and expansion process, reducing procedural complexities and enhancing patient outcomes.
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?
Why choose us?
Pass an Audit?
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
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/
Choose your state
