Gary K. Michelson

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Gary K. Michelson
Born (1949-01-14) January 14, 1949 (age 75)
Philadelphia, Pennsylvania
Residence Los Angeles, CA
Nationality United States
Ethnicity Jewish
Alma mater B.A. Temple University
M.D. Hahnemann Medical College
Occupation Medical device inventor/Philanthropist
Net worth Increase US $ 1.5 billion (Sept 2013)[1]
Spouse(s) Alya Michelson
Children 3

Gary K. Michelson (born January 14, 1949) is an American board certified orthopedic spinal surgeon, inventor, and philanthropist.

Early life and education

One of four boys, Michelson was raised by his mother and grandmother. Witnessing the effects of his grandmother's spinal deformity as a boy motivated him to pursue medicine as a career, with a specialty in spine problems. He attended Central High School of Philadelphia, Temple University and Hahnemann Medical College. He completed his medical residency in orthopedic surgery at Hahnemann Medical Hospital, before completing fellowship training in spinal surgery at St. Luke’s Medical Center in a joint program between Baylor University and the University of Texas. He was a practicing spinal surgeon for over 25 years before retiring from private practice to focus on philanthropy. He amassed over 100 research papers and publications to his credit.

He is of Jewish heritage.[2]

Medical innovations

Unhappy with the low success rates associated with spinal surgery procedures at the beginning of his career, he developed new technology in response, creating implants, instruments and procedures that would enable spinal surgeons to manage more spinal ailments. "Michelson devices" have been implanted globally in hundreds of thousands of patients. He has over 250 U.S. Patents on instruments, methods and devices for advances in spinal and orthopedic surgery and over 950 issued or pending patents worldwide for instruments, operative procedures, and medical devices related to the treatment of spinal disorders.

In 2005, Michelson sold many of his spine related patents to Medtronic for over $1 billion,[3] placing him on the Forbes 400 list where he has since remained.[4] A legal battle with Medtronic over the origins of the patents preceded the sale. Michelson successfully cross-filed in response to Medtronic's suit against him. His defense against Medtronic's suit established a major legal precedent in 2003, governing who bears the cost of pre-trial discovery of electronic evidence.[5]

Philanthropy

Michelson announced his intent to launch a medical philanthropic venture in a 2005 New York Times article, at that time planning to apply at least $200 million to explore and scale leading edge medical technology, like nanotechnology and stem cell research. The Michelson Medical Research Foundation was founded that year, with an initial contribution of $100 million. [6] The nonprofit does not accept donations.

Michelson also created the Twenty Million Minds Foundation[7] a comprehensive library of higher education textbooks in an open education platform, and the Found Animals Foundation, a 501(c)(3) private operating foundation dedicated to animal welfare.[8]

In 2008, Michelson's foundation launched the Michelson Prize and Grants in Reproductive Biology[9][10] an international competition with a 25 million dollar prize that represents a unique experiment in innovation aimed at solving the problem of pet overpopulation. His goal is to encourage researchers from a wide variety of scientific fields to take on the challenge of non-surgical pet sterilization. Recognizing that interested parties may not have access to funds the research and testing would require, also offered is the companion Michelson Grants in Reproductive Biology that will provide up to $50 million in funding for promising research. The Michelson Prize seeks to make sterilization accessible and affordable worldwide and aid developing countries where this problem is even greater.

Through his foundations, Dr. Michelson has donated over 100 million dollars for medical research, over ten million dollars in helping to convert municipal animal services into adoption centers and providing no cost spay and neuter services to low income households. In a program directly acknowledged by the L.A. Mayor’s office, Dr. Michelson’s Found Animals Foundation paid for all the costs of anyone who would rescue a dog or cat scheduled for euthanasia. It is estimated that Dr. Michelson has devoted a total of $300 million to various causes.[7]

In January 2014 it was announced that Michelson gifted $50 million to the University of Southern California for the USC Michelson Center for Convergent Bioscience.[11] [12] [13]

Personal life

He is divorced from his first wife and now lives in Los Angeles with his second wife Alya, and their three children.[14][15]

Awards and honors

  • Member of the board of Educational Foundation of the Intellectual Property Owners Association.
  • Inducted into the National Inventors Hall of Fame in Washington, D.C. on May 4, 2011 [16]
  • Finalist in the National Inventor of the Year Awards (multiple years)
  • Recipient of the 2006 Paralyzed Veterans of America Award for the Outstanding Medical Research in the field of spinal disorders
  • Letter of Recognition from Mayor Antonio Villaraigosa for philanthropic contributions to the City of Los Angeles

Articles and speaking engagements

  • Dr. Gary Michelson Funding The Development Of A Soil-Transmitted Helminth Vaccine Discovery Program.[17]
  • Keynote Speaker for the California Regional Independent Inventors Conference in August 2011.[18]
  • Keynote Speaker for the 60th California State Science Fair competition in Los Angeles in May 2011.
  • Open letter to the United States Senate on Patent Reform, read in the Congressional Record on February 28, 2011 by the Honorable Patrick Leahy, Chairman of the Senate Judiciary Committee.[19]
  • 2010 Public Advocate as Independent Inventor for Patent Reform[20]
  • 2010 Invited Participant at the United States Patent and Trademark Office Forum on Quality Control in the U.S.P.T.O. Patent examination process.
  • Invited Lecturer on patent reform at USPTO-PPAC Forum on May 19, 2010

References

  1. ↑ Forbes: The World's Billionaires - Gary Michelson September 2013
  2. ↑ Forbes Israel: Jewish Billionaires - Profile of Gary Michelson April 14, 2013 (in Hebrew)
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ 20 Million Minds Foundation: "Dr. Gary Michelson & Alya Michelson Biography" retrieved March 12, 2015
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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