Medical Invention Consulting is a private firm providing Medical Technology assessment, commercialization, and investment services. Medical Invention Consulting specializes in evaluating clinical utility, form factor, and market potential of medical inventions. Clients have included:
- Academic Institutions / Medical Device Start-Ups / Corporations - Assessing whether new medical technology should be patented and/or commercialized; efficacy of technology; need for the technology, market size, IP quality protection, clinical trial need / design / quality
- Medical Device Inventors - Giving advice regarding protection and commercialization of their ideas; ownership, market size, competition assessment, prototyping, clinical trial design, royalty / sale negotiation
- Medical Device Investors - Conducting due diligence on medical device investment opportunities; quality of the technology, product demand, market size, IP quality, clinical trial quality, competition assessment, business plan review, past / projected financials
Lloyd Marks, MD, MBA, FACC, Principal at Medical Invention Consulting, is an MIT trained Electrical Engineer, Johns Hopkins trained Pediatric Cardiologist, and Inventor. Always active in both medicine and medical engineering, Dr. Marks has been granted 22 Medical Device Patents.
Background Experience - Dr. Marks was in academic medicine for 15 years, as the Director of the Cardiac Cath Lab at St. Christopher's Hospital for Children and the Division Chief of Pediatric Cardiology at the Children's Hospital of New Jersey. He was then in private practice for 18 years. In 1997 he opened his clinical practice, specializing in Pediatric and Adult Congenital Heart Disease, where he provided clinical evaluation, electrocardiography, echocardiography, stress testing, Holter/event monitoring, diagnostic cardiac catheterization, and interventional cardiac catheterization.
After closing his clinical practice in 2015, Dr. Marks went to business school and obtained an MBA from the Haslam School of Business, University of Tennessee. While there, he wrote a business plan with financial projections for his startup company, MGI Medical, LLC, commercializing a non-invasive patient monitor for the detection of post-operative bleeding. Dr. Marks has successfully licensed 9 of his inventions to industry and assigned 8 to MGI.
View Dr. Lloyd Marks' Expert Witness Profile.
