Royalty Rate Expert in Surgical Equipment

Case Description:

An expert in royalty rate for surgical equipment was needed for a patent infringement and breach of contract suit. The plaintiff was a patent owner of a medical device used in spinal implants for stabilization of the spine. The plaintiff alleged that the defendant was making and selling surgical equipment that infringed upon the subject patents. The plaintiff further alleged that the defendant entered an agreement to pay royalties and failed to pay said royalties. The defendant claimed that the patents are invalid and declared non-infringement.

IMS ExpertServices was asked to locate royalty rate experts knowledgeable and experienced in economics and royalty calculations, preferably in the area of medical devices and surgical equipment. The experts need to be experienced in determining damages or a reasonable royalty rate in the event that a patent infringement is found to exist.

Experts Presented:

  • Econometrics Expert

    This expert in econometrics has assisted law firms with the calculation royalty rates, damages, econometric model building, and product pricing. He specializes in the pharmaceutical, biotechnology, and surgical equipment industries. He is a principal of a forensic accounting and litigation support firm with ten years experience at a Big Four accounting firm. He has an M.A. and a Ph.D. in economics. This expert has experience serving as an expert witness on six surgical equipment cases, including a trade secrets case on implant devices. He has given testimony at deposition twenty times and at trial ten. IMS Reference #1216251

  • Royalty Rate Expert

    This royalty rate expert is president of a consulting firm specializing in the valuation, pricing, and royalty rate of patents, trademarks, and copyrights. He has considerable experience in the area of litigation support for surgical equipment cases. He is published on the topic of infringement damages and royalties and is founder of a highly respected report on the topic. A Chartered Financial Analyst (CFA) and Accredited Senior Appraiser (ASA), he has over 25 years of experience in determining royalty rates and intellectual property valuation. This expert has served as an expert witness in a patent infringement case involving surgical equipment. He has given testimony at deposition fifty times and at trial fifteen. IMS Reference #3552988

  • Intellectual Property Valuation Expert

    This intellectual property valuation expert has determined royalty rates and prepared expert testimony in several patent cases within the pharmaceutical/medical device and surgical equipment industry, including matters involving dental bonding devices, heartworm test appliances, vaccines, and DNA technology. He has over twenty years of consulting experience specializing in the determination of damages in litigation and valuation of intangible assets and intellectual property. He has authored articles on intellectual property valuation, intangible assets and damages. IMS Reference #5013625

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