Covidien (NYSE: COV), a leading global provider of healthcare products,
was ranked the top innovator in the medical devices and services
industry by The Patent Board™, the official patent ratings partner of The
Wall Street Journal. The Patent Board Scorecard ranked 122 companies
in the industry by patent portfolio strength. The Scorecard is a tool to
recognize that patent portfolios are measurable financial assets that
can be market-value drivers.
In 2009, Covidien moved up from the number two position to take the #1
spot in rankings for the first time, driven by a 50% increase in
Technology Strength™, an overall assessment of a company’s intellectual
property quality and quantity, and a 27% increase in Industry Impact™,
the extent to which others are building on Covidien’s portfolio of U.S.
patents. Covidien first appeared on the Patent Scorecard in 2007, the
year that it became an independent company, and ranked #4 on the
Scorecard that year.
“Covidien’s continued dedication to the innovation process is reflected
in our achieving this prestigious number one ranking. It underscores the
depth of our intellectual capital and our collaborative approach to
intellectual property development,” said Joe Almeida, President, Medical
Devices, Covidien.
Covidien led the industry in Technology Strength - a key indicator that
is the basis of The Patent Board’s Patent Scorecard rankings. Covidien
also showed significant gains in other ranking measures, including
Industry Impact and Science Strength™. The Science Strength indicator
shows a company’s overall reliance on scientific research in its
patenting activity.
“Covidien’s performance was exceptional. The company demonstrated a
substantial advance in Science Strength, increasing its score by 80%
since the previous Patent Scorecard,” said Christine Wren, Director of
External Communications, The Patent Board.
Covidien has a strong science-linked patent presence in all four of its
segments -- Medical Devices, Imaging Solutions, Pharmaceutical Products
and Medical Supplies -- and will continue to strengthen its technology
development efforts. Covidien’s businesses work together to turn
Covidien’s technology advances into patents and other valuable IP assets
for the Company.
ABOUT COVIDIEN
Covidien is a leading global healthcare products company that creates
innovative medical solutions for better patient outcomes and delivers
value through clinical leadership and excellence. Covidien manufactures,
distributes and services a diverse range of industry-leading product
lines in four segments: Medical Devices, Imaging Solutions,
Pharmaceutical Products and Medical Supplies. With 2008 revenue of
nearly $10 billion, Covidien has more than 41,000 employees worldwide in
59 countries, and its products are sold in over 140 countries. Please
visit www.covidien.com
to learn more about our business.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5996708&lang=en
MULTIMEDIA AVAILABLE : http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5996708