CRA was retained by a leading medical device manufacturer’s consulting division to value the know-how it was considering acquiring from a team of renowned surgeons. The know-how consisted of unique techniques, protocols and procedures that were proven to improve patient outcomes at a lower cost. CRA’s due diligence included a site visit to catalog and observe the benefits of the applying the know-how and interviewed another ambulatory surgical center that had adopted the know-how. In preparing its appraisal report, CRA applied the Income Approach to quantify the incremental economic benefits of the know-how within a healthcare consultancy, and corroborated this value using the Market Approach.
China refines how to determine patent damages
China’s patent law was promulgated in 1984 and amended three times prior to 2020 (in 1992, 2000, and 2008). On October 17, 2020, the National People’s Congress...