West Virginia Patent of the Month – March 2021
Omnia Medical‘s mission is to develop novel products that reduce operative time through safe and reproducible instrumentation, while achieving superior surgical outcomes. They work to develop novel tools and enhance existing products and implants. Recently, they have been reevaluating spinal implants involved in osseointegration.
Osseointegration is a surgical procedure that aims to offer better quality of life and improved function and mobility to people who have had an amputation. The surgery uses a metal implant which connects the bone to the prosthetic limb, eliminating socket-related issues. With Omnia Medical’s design, the implant has both a polymeric and metal component. The polymeric component has good strength and flexibility to mimic natural bone. The sides have ridges to help reduce unwanted movement of the implant. The combination of the two materials reduces impact stress on the bone, as the polymeric material more closely matches the elasticity of the bone. This reduced stress provides an improved experience with the prosthetic limb attached.
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.
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.