Full-Time

IP Director

Neuromodulation

Posted on 11/15/2024

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

Healthcare

Compensation Overview

$211.2k - $316.8kAnnually

+ Short-term Incentive Plan + Long-term Incentive Plan

Senior, Expert

Boston, MA, USA + 6 more

More locations: Washington, DC, USA | Santa Rosa, CA, USA | Memphis, TN, USA | Northridge, Los Angeles, CA, USA | Lafayette, CO, USA | Minneapolis, MN, USA

Position can reside in Lafayette, CO; Santa Rosa, CA; Minneapolis, MN or any other US Medtronic office locations. Remote opportunities may be considered for exceptionally qualified candidates.

Category
Intellectual Property (IP)
Legal & Compliance
Required Skills
Management
Requirements
  • Juris Doctor from a recognized, accredited U.S. law school
  • Bachelor’s Degree in Engineering or a Science Field
  • 8+ years of IP legal experience
  • 7+ years of management experience
  • Licensed to practice in at least one state or the District of Columbia
  • Registered to practice before the U.S. Patent and Trademark Office
Responsibilities
  • Mentor and guide the development of talented IP attorneys supporting the Neuromodulation & Pelvic Health Operating Units.
  • Develop strategic relationships with operating unit leaders, marketing, business development, and R&D to integrate IP into the overall operating unit strategy and provide IP advice and counsel
  • Educate key internal stakeholders on IP activities, competition, and outcomes of IP strategy execution
  • Develop strategic relationships with and manage outside counsel to accomplish key deliverables on time and on budget
  • Partner across the IP team to share and leverage insights and best practices; partner with IP COEs (litigation, BD, trademarks, data/AI, and patent portfolio strategy) to deliver optimal outcomes
  • Partner across multiple legal functions to coordinate and align on a cohesive legal strategy for the OU
  • Model the Medtronic Mindset – act boldly; compete to win; move with speed and decisiveness; foster belonging; and deliver results the right way
  • Develop and implement a global patent portfolio strategy; oversee the preparation and prosecution of patent applications and patent maintenance decisions in support of the global business strategy
  • Manage IP risk for Medtronic’s pipeline; perform global freedom to operate evaluations, including preparing or obtaining opinions
  • Protect Medtronic’s highest value R&D investments by prioritizing filings with the highest level of impact
  • Demonstrate appropriate technical acumen
  • Analyze and develop actionable IP portfolios directed at competitors; mine current portfolio and identify third party portfolios for possible acquisition
  • Perform claims analysis, construction, and drafting
  • Ensure ongoing awareness of competitors’ products, activities, and IP portfolios
  • Consult on, draft, and negotiate agreements and contract clauses, as needed, to support business operations
  • Conduct benchmarking activities for IP portfolio valuation and budget allocations
  • Operate within budget constraints for outside counsel and third-party vendor spend
  • Lead IP due diligence for mergers and acquisitions with a solution-focused approach
  • Assist in the drafting and negotiation of agreements involving the transfer or licensing of intellectual property
  • Manage stakeholder expectations through proactive and clear communications
  • Direct brainstorming and make filing decisions to ensure expansive protection of new technologies and therapies, including ensuring coverage of whitespace
  • Partner with portfolio strategy, upstream marketing, business development and competitive intelligence functions to perform landscaping activities for future opportunities

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals and healthcare professionals around the world. Medtronic stands out from competitors by not only focusing on product development but also offering comprehensive services such as training for healthcare providers and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its advanced medical solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Medtronic's recent product innovations, such as the InterStim Micro Neurostimulator and remote monitoring systems, highlight its commitment to advancing medical technology.
  • The company's expansion in Asia, including the launch of the Robotics Experience Studio, indicates strong growth potential in emerging markets.
  • Strategic partnerships and acquisitions, like the collaboration with Ramsay Health Care and the acquisition of Paceart Optima, enhance Medtronic's capabilities and market position.

What critics are saying

  • The highly competitive medical technology market requires Medtronic to continuously innovate to maintain its leadership position.
  • Integration challenges from acquisitions and partnerships could potentially disrupt operations and delay product development.

What makes Medtronic unique

  • Medtronic's extensive R&D investment enables continuous innovation in medical technology, setting it apart from competitors who may not have the same level of resources.
  • The company's global reach, operating in over 150 countries, provides a significant advantage in market penetration and customer base.
  • Medtronic's comprehensive suite of products and services, including training and patient management programs, offers a holistic approach to healthcare that many competitors lack.

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