MMRGlobal Inc., provider of online personal health records and electronic safe deposit box storage solutions, as well as healthcare related electronic document management and imaging systems, announced today that it currently has more than $43 million in licensing and strategic partnership agreements relating to the company’s biotech and health information technology intellectual property.
MMR stated that it has invested more than $152 million in R&D products associated with biotech and health IT, and has more than 40 patents either issued or pending or applied for worldwide. These patents include those associated with MMR’s FavID®/SpecifidTM vaccine trials and anti-CD20 antibody assets. In addition, the company’s patents related to the method and system for providing online medical records were recently valued to be worth from $300 million to $800 million based on a report from The Michael Bass Group. MMR also owns other biotech assets, such as thousands of patient tumor samples, believed to be worth additional millions.
MMRGlobal’s Chairman and CEO, Robert H. Lorsch, spoke of the company’s expanding intellectual property portfolio: “Although the Company’s primary business remains the offering of its MyMedicalRecords.com Personal Health Record and MMRPro professional document imaging and scanning solutions, the value of our intellectual property is growing. Clearly, as we move into the future, we will seek opportunities to leverage our intellectual property and enter into agreements with strategic partners in patient care and other similar lines of business as well as with companies that specialize in maximizing the value of IP, such as Acacia Research or RPX Corporation and others who have successfully leveraged the values of intellectual property into billions of dollars of valuation for shareholders.”
MMRGlobal, through its wholly-owned subsidiary MyMedicalRecords, Inc., provides secure and easy to use online personal health records and electronic safe deposit box storage. The company serves healthcare professionals, consumers, insurance companies, employers, financial institutions, and professional organizations with affinity groups. Built on proprietary patented technologies, the MyMedicalRecords system allows individuals and families online access to their medical records and other important documents, including birth certificates, insurance policies, and wills, at any time and from anywhere.
For more information, visit the company’s website at www.MMRGlobal.com
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