Boston Scientific, a specialized medical device vendor, recently announced its support for the America Invents Act, which was introduced by Texas Congressman Lamar Smith.
Boston Scientific believes the Act will enable it and other companies to innovate in an environment that allows them to profit from their intellectual property. The signifiance of medical innovations can mean the difference in saving lives. Altering the intellectual property landscape in this manner has been a major goal of the Obama Administration and other branches of the federal government, as they hope to lead the U.S. out of its stagnant economic state.
"As a worldwide developer of medical devices, whose advanced technologies are used in a broad range of interventional medical specialties, we value an effective and efficient patent system that can keep pace with the rapid innovation demonstrated by our company and industry," a spokesperson for Boston Scientific said in a release.
In March, the Senate passed a similar bill encouraging innovation and companies' ability to profit from their intellectual property. Boston Scientific said that it believes the House and Senate will soon reach an accord on a final bill.