ConMed Corporation Taking Patent Dynamics Into Account
CONMED Corporation (CNMD) is analyzed based on its patent dynamics (patent activity over time) and combined with writer's technical analysis. PCT (Patent Cooperation Treaty) patent applications are taken into account, which is administered by the World Intellectual Property Office (WIPO).
In view of the inherent properties of PCT applications, Innovalpha is analyzing actual/forward-looking innovation in contrast to other methodologies relying on granted patents (old innovation generally already part of a company's valuation). This explains the outperformance obtained by our models (out of sample backtesting, third-party confirmation, and real-track performance). An important takeaway is that the number of patents held by a company is not relevant, what matters is PCT patent dynamics.