About

Providing legal support on all areas of law to Medtronic’s entities in Mexico, the Caribbean and Central America, legal director Patricio Márquez Macias significantly contributes in an executive position to the medical devices company on a number of projects. He coordinated the corporate transaction for Meditronic’s Mexican operation on the global acquisition of the Covidien business in 2015, a staggering US$42bn deal, which involved the transfer of three manufacturing facilities in Mexico, five operating companies, three dormant entities and over 4,000 employees. Since the acquisition, Márquez has had a very active role in participating in the Medical Devices Industry Association (AMID), participating in the creation of the first ethics code for the industry which regulates the relation with health care professionals by standardizing high ethical practices. Together with external lawyers he created the legal affairs committee whose main goal was to attack the problematic black-market of illegal commercialization of products in the industry: ‘We partnered with the regulatory authority (COFEPRIS) and reached several understandings on how to deal with this problem. For this, in 2018 I was elected to be the chair of the Legal Affairs Committee’, he explains. At Medtronic part of his day-to-day role entails ensuring the compliance of the company’s operations with Federal and State laws, interacting with healthcare professionals and health care organizations in the country, as well as lobbying before institutions related to AMID. Between the years 2007 and 2011, Márquez served as the corporate counsel for Mexico and Central America at Baxter, a standout time in his career marked by a number of awards and successful transactions. A few examples of his achievements there include his participation in the negotiation of fees with law firms, the reorganization of the legal department, the creation of centres of excellence and the drafting of contract templates. Most notably he implemented a highly successful cost-reduction strategy, which allowed Baxter to achieve savings of 75% off-budget. The success of this project was recognised by the corporation which made him eligible to receive the “Award for Appreciation” in 2008.