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 promising applications of AI. ...
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 ...
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 violation of the National Labor Relations ...
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 ...
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 arbitration. ...
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 analysis, four ...
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 Judith Sheft, Executive Director ...
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 ...
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 ...
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 not offer ...
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 tremors, rigidity, and difficulty ...
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 ...
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, ...
Last week I had the opportunity to attend the BioMedical Engineering Day at Stevens Institute of Technology in Hoboken, New Jersey. It reinforced for me the tremendous capabilities of this program and the opportunities for innovation that biomedical engineering provides. Summary Points Crowley Law continues to be ...
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 ...
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, ...
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 Pennsylvania. They have had an ...
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, vendors, service ...
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 the time ...
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 are diverted and doctors at ...
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 ...
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 WRITINGLack of a written contract can lead to misunderstandings about what was agreed to – ...
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 ...
Patents For Humanity Program Improvement Act The Patents for Humanity Program Improvement Act, H.R. 7259, was introduced on June 18th, 2020 and became law on January 5th, 2021. It was a bill that had bipartisan support to improve the United States Patent and Trademark Office’s ...
According to the National Institutes of Health (NIH), there are over 7,000 diseases classified as rare, affecting an estimated 25-30 million Americans. These diseases range from genetic disorders to infections, cancers, or auto-immune diseases. These diseases can be chronic, progressive, and in the worst cases, fatal. Thanks ...
Crowley Law LLC is proud to support Hope Through Education and their mission is to help thousands of underprivileged students reach their full potential through the gift of a great education. Learn more about this organization.
