Royalty Report: Medical, Device – Collection: 1462


Curated Royalty Rate Report
Category: Technology Licenses, Created On: 2022-04-28, Record Count: 4


This collection of transactions and supporting information was developed using our AI algorithm to curate similar royalty reports into a cohesive collection to support your licensing, transfer pricing or other transaction scenarios where documented royalty rates and/or deal terms are important.
Category: Technology Licenses
Created On: 2022-04-28
Record Count: 4

Primary Industries

  • Medical
  • Device

IPSCIO Report Record List

Below you will find the records curated into this collection.  This summary includes the complete licensed property description so that you can review and determine if this collection covers the topics, technology or transaction type that is relevant for your needs.  The full report will include all relevant deal data such as the royalty base, agreement date, term description, royalty rates and other deal terms.  For reference, here is a sample of a full IPSCIO curated royalty rate report: Sample Report

IPSCIO Record ID: 1462

License Grant
The Company has acquired exclusive worldwide rights to a disposable wound closure device.

IPSCIO Record ID: 3048

License Grant
We previously developed and marketed the Sure-Closure SystemTM, a disposable wound closure device.
License Property
The Sure-Closure System was invented at the Rambam Medical Center, an affiliate of Technion-Israel Institute of Technology in Haifa, Israel and the intellectual property rights relating thereto were assigned to us in 1992.

IPSCIO Record ID: 1673

License Grant
The Israeli Licensor has assigned to the Company its worldwide rights to its patents, patent applications and know-how to develop, manufacture and market products relating to the Sure-Closure System technology; a disposable wound closure device.

IPSCIO Record ID: 294278

License Grant
Licensor hereby grants to Licensee and its Affiliates an exclusive license in the Territory, bearing royalties as set forth in this Agreement, with the right to grant sublicenses, under the Licensor Patents, Licensor Know-How and Other Licensor IP, to make, have made, use, sell, offer for sale and import Products for use solely in the Field and in the Territory.
License Property
PFO is a medical device known as the PFO Closure Device for use in patent foramen ovale.

Licensor Patents means a Patent that (a) claims the Product or any component thereof, or any other method, apparatus, material or article of manufacture useful in the development, manufacture, use or sale of Product, and (b) is Controlled by Licensor.

Product means the PFO Closure Device developed under this Agreement and described in the Device Description and Sequence of Operation as set forth.  The PFO closure device is intended to close a heart abnormality – the patent foreman ovale (PFO).

Patent means (a) unexpired United States and foreign patents, including without limitation any substitution, extension, registration, confirmation, reissue, re-examination, renewal of such patents and (b) pending applications for such patents, including without limitation any continuation, divisional or continuation-in-part thereof and any provisional applications.

A PFO closure device is moved through the vein to the heart, and specifically to the location of the heart wall defect. Once in the correct location, the PFO closure device is formed so that it straddles each side of the hole. The device will remain in the heart permanently to stop the abnormal flow of blood between the two atrial chambers of the heart. The catheter is then removed and the procedure is complete.

Field of Use
The Vascular Access Closure Device is an innovative automated system designed to close access openings in femoral arteries after interventional vascular procedures.
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