Medical Product Innovation

Question 1

Innovation

Answer 1

• Innovation: invention + implementation (Business)

Question 2

Invention

Answer 2

• Invention: an idea that has been reduced to practice; it must be novel, useful, and non-obvious to an expert actually have to have an attorney prosecute it

Question 3

Claims

Answer 3

• Claims: Define exactly what you actually ‘own’ like a fence of intellectual property

Question 4

Drug

Answer 4

• Drug: Chemical mechanism of action

Question 5

Medical device

Answer 5

• Medical device: Mechanical (non-chemical or metabolic) mechanism of action

Question 6

Digital health

Answer 6

• Digital health: the convergence of the digital revolution and genetics revolutions with health an healthcare. As we are seeing and experiencing, digital health is empowering us to better track, manage, and improve our own and our family’s health.

Question 7

Regulation

Answer 7

• Regulation: a rule or directive made and maintained by an authority.

Question 8

4 Physician Roles in Medical Product Innovation

Answer 8

• Physician Inventor
• Subject Matter Expert
• Researcher
• Medical Director