Poly Medicure, manufacturers of medical devises, won a 5-year long patent battle versus German firm B Braun. The European Patent Office (EPO) revoked two of B Braun’s patents and Himanshu Baid, managing director of Poly Medicure, expects it to be a huge positive for the company.
He says the patent win will help the company gain a firm foothold in Europe. The patents are for intravenous safety catheters. The European safety catheter market is seen at USD 200 million. Baid believes with these patent wins, and given a 2-3 year horizon, the company can gain 6-8 percent market share.
Below is the verbatim transcript of Himanshu Baid's interview with Reema Tendulkar & Nigel D'Souza on CNBC-TV18.
Nigel: Could you give us some numbers with regards to what exactly has transpired in this case?
A: There was a patent case with a German company, B Braun and they were stopping us from launching our safety device into the European markets and some other markets. We were fighting this battle in European court and recently we have got two patents knocked out from the same family of IV catheters and our customers can now freely sell the products in the European market. The market size in Europe for this kind of product is close to USD 200 million and its completely dominated by two-three big companies. So, we were trying to get some entrance into that market and with these two judgements which we have got, we will get some favourable response from the market.
Reema: Can you give us some numbers. You indicated that the market size would be USD 200 million and there are few large players in it but how much are you expecting or hoping to garner from this USD 200 million market?
A: If we take two-three year horizon then we should be able to get between 6-8 percent of the market share for this particular device.
Reema: Any other patents in this particular market that you could win?
A: Our Company has filed more than 50 patents and some of them are already granted and some of them are in the state of grant. So, as we get more and more patterns, we will be able to launch more and more safety devices into Europe and other markets.
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