After having considered the NARI patent portfolio I am of the opinion that it is highly likely that their patents/patent applications will provide them with a moat. Also it is worth noting that the patents/patent applications are relatively young - so assuming that the pending patent applications are eventually accepted for grant I suspect that their granted patents will provide them with a wide moat- at least wide enough to allow them to build a reputation in the market before the “Big Fish” can start to compete.
However one thing that concerns me is that they don’t have their patents mentioned on their website - I went to the Flow Triever and Clot Triever product page and there is no mention of patent numbers or patent application numbers for either of these products. If a product is patent protected or had a patent pending, then it is typical for a company to mention this along with the patent number or patent application number on the product website as doing so can help prevent third party infringers from pleading a defense of ignorance in certain countries (at least that is the case in Europe). So I find it unusual that they have not mentioned patent number or patent application numbers on their webpage for these products.
Hi MoneySpin,
Just thought I’d let you know that I forwarded your concern to Investor Relations at Inari. Don’t forget that you can do that whenever you have a concern about a company. Takes two minutes.
Best,
Saul