Introduction New Jersey is leading the charge in promoting clean energy and sustainability through its Clean Tech R&D Voucher Program. As attorneys committed to supporting clean tech ventures, Crowley Law is here to guide and assist clients in navigating this groundbreaking initiative. In this bl...
Newsletters & Blogs
IMPROVEMENTS TO NEW YORK HEALTH INSURANCE: BIOMARKER TESTING
Testing for biomarkers in patients is the state of the art in assessing effectiveness of therapies. The New York State legislature recently recognized that and passed a bill requiring health insurers, including Medicaid, to cover biomarker testing, a diagnostic tool for cancer and other medical c...
Discovering New Horizons for Companies Outside the USA
For businesses located outside the United States, expanding your business focus to the USA is a bold choice towards growth and success. As you venture into the promising realm of the U.S. market, it's essential to be well-informed about the legal and other intricacies that come with it. In this b...
The Rapid Rise of the Machines
Artificial Intelligence is Transforming the Medical and Healthcare Industries Just about every industry is experiencing a dramatic evolution with the sudden rise of artificial intelligence (AI). Healthcare and pharmaceuticals are no different. As we recently wrote, the area of oncology is showing...
COMPREHENSIVE HELP FOR CANCER PATIENTS
Today's cancer care is incomplete. Cancer affects not only the body of the patient but also his or her emotional well-being. And it has tremendous impact on the emotional health and financial well-being of the patient's family as well. It's those other effects that are ignored in current treatm...
“Say No to Non-compete Clauses!?”
Watch out for those boiler-plate post-employment non-compete clauses!! The General Counsel of the National Labor Relations Board (“NLRB”) has issued a memo that addresses non-compete clauses in employment agreements for non-supervisory employees. It provides her guidance on their potential viola...
ARE PUBLIC COMPANIES DISAPPEARING?
Where did all the public companies go?? A recent report by the Center for Research in Securities Prices indicates that the number of publicly traded companies has decreased dramatically since 1996. Back then, 8,000 companies were traded on U.S. stock exchanges. Now, the number is only about 3,7...
BEWARE OF THOSE HYPERLINKS!
Pacta sunt servanda (Latin lawyers' maxim: Agreements must be kept!) A recent case in the New York appellate court underscored this principle in a proceeding involving a hyperlink in an online document. The plaintiff or claimant in that case was attempting to avoid settling his claim through arb...
Investment in Medical Technology Startups Falling
Introduction Investment in medical technology startups has been a driving force behind innovation in the healthcare industry. However, recent trends demonstrate a downtrend in investment in medical technology startups in the United States. Why is that? There are many reasons. Based on our analy...
NEW JERSEY LOVES ITS LIFE SCIENCES INNOVATORS
The State of New Jersey has an affinity for life sciences innovators. That's the message of last week's meeting sponsored by the NJ Economic Development Agency (“NJEDA”) at the Hackensack Meridian Health System Center for Discovery and Innovation in Nutley, NJ. The meeting was headlined by Judit...
WATCH OUT! AI IS COMING!
Watch out! Artificial intelligence (“AI”) is coming! AI is coming to healthcare and drug discovery! Oops!! It's already here!! Google's DeepMind project is an AI research organization that has been involved in several groundbreaking projects in recent years. One of the areas where the technology...
EDUCATION ON CENTER STAGE
Hope Through Education's Spring Gala was a great success. Nearly 300 people attended the event last week at the lovely Hamilton Farm Golf Club in Peapack-Gladstone, NJ. Hope Through Education is a 501(c)(3) qualified charity focused on providing scholarships to families seeking to send their chi...
WE ARE THE CHAMPIONS!!!
I am so proud of the Men's Volleyball Team at my alma mater, Stevens Institute of Technology (https://stevens.edu ). They've just won the National Collegiate Athletic Association Division III (“D3”) championship. Why is that significant? D3 schools are those universities and colleges that do no...
NEW HOPE FOR PARKINSON’S DISEASE SUFFERERS
This week boasted announcement of a monumental achievement in the fight against Parkinson's disease. Parkinson's disease is a progressive neurodegenerative disorder that affects millions of people worldwide. It is caused by the degeneration of dopamine-producing neurons in the brain, leading to t...
The Importance of Partnering with Outside Counsel on Strategic Planning
Why Entrepreneurs Should Rely on a Trusted Advisor to Forecast What Lies Ahead Founders of startups and leaders of young companies have plenty on their plates. It's tempting for entrepreneurs to focus their attention on immediate priorities. Others prefer to spend their time scratching their inna...
CRITICAL POINT: Putting Together a Winning Team
Valuation of life sciences companies has been battered and the IPO window has closed, for now. But there are still plenty of strategic partners looking for promising new technology and life sciences companies to fill their pipelines. If you want to be one of them, having the right team put togeth...
5 Startup Equity Mistakes and How to Avoid Them
Keeping to the fundamentals can be tough. As an overtasked and overwhelmed startup founder, it's tempting to look for DIY stop-gap solutions for equity issues with a mantra of “we can deal with this later.” It's like going after that vending machine Snickers bar (or two!!) when your stomach is gr...
Phil Crowley Discusses Why Tech Startups Fail at IEEE Consultants’ Network of Northern NJ
Last month, the Consultants' Network of Northern New Jersey, part of the IEEE North Jersey Section, hosted a virtual meeting called “The Top Ten Causes of Failure for Technology Startups – And How You Can Help Your Clients Avoid Them.” View webinar>> For coverage of the presentation, click here>>...
Philip Crowley, Esq., Appointed to Ben Franklin Technology Partners Board
Crowley Law LLC is thrilled to announce that Founder and Managing Partner, Philip P. Crowley has been appointed to the Board of Ben Franklin Technology Partners of Northeastern Pennsylvania (“BFTP/NP”). BFTP/NP is one of four sister entities focused on technology and job development in Pennsylvan...
The Hidden Risks of Nondisclosure Agreements
What Life Sciences and Technology Startups Need to Know “The brands that innovate best do so with an exceptional embrace of collaboration.” ~Stephen Nowak Innovation rarely happens in a silo. But collaboration can also be a double-edged sword. Working with potential investors, creditors, clients,...
Representations and Warranties: What Life Sciences and Technology Startups Need to Know
Time and money. Innovative business ventures are often short on both. So, in the face of competing priorities, it can be tempting to gloss over standard contractual terms—like representations and warranties—with the assumption that they are boiler-plate and relatively unimportant. “We don't have...
Cybersecurity: What Medical Device Manufacturers Need to Know
A hostile authoritarian government launches a coordinated ransomware attack on computers across the globe. In less than 24 hours, more than 200,000 computers in over 150 countries are infected, shutting down everything from MRI scanners to blood-storage refrigerators. Patient-filled ambulances ar...
Demystifying the Investigational Device Exemption Process
The FDA regulatory gauntlet can be a daunting challenge. That's especially true for startups new to the field. But it need not be. The process serves an important purpose—ensuring that new drugs and medical devices marketed to the public are safe, effective, and result in the intended health outc...
6 Risks Hiding Inside Your Contracts
Are you overlooking areas of risk that may be lurking in the contracts you have entered into? Below are 6 commonly missed issues. 1. FAILURE TO OBTAIN A CONTRACT IN WRITING Lack of a written contract can lead to misunderstandings about what was agreed to – which can ultimately lead to litigation....
Tips to Follow and Mistakes to Avoid in the FDA Investigational New Drug Process
Drug sponsors face a long and winding path to take a drug from discovery to market. The Investigational New Drug Application or IND is a key step in this journey. The IND application is the process by which a new drug sponsor must receive approval from the Food and Drug Administration (FDA) to be...