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  • Healthcare Regulatory Check-Up Newsletter | May 2024 Recap

    Healthcare Regulatory Check-Up Newsletter | May 2024 Recap

    REPORT

    Healthcare Regulatory Check-Up Newsletter | May 2024 Recap

    June 2024

    Read time: 2 min

    Key takeaways
    Overview

    This issue of McDermott’s Healthcare Regulatory Check-Up highlights regulatory activity for May 2024. We discuss several notable cases and enforcement resolutions, including the US Court of Appeals for the District of Columbia Circuit’s (DC Circuit) favorable decision for drug manufacturers in the ongoing Section 340B dispute and the resolution of several enforcement actions, including some that alleged violations under the False Claims Act (FCA) and federal Anti-Kickback Statute (AKS). We also review several US Department of Health and Human Services (HHS) agency actions, such as a final rule that provides robust civil rights protections for individuals with disabilities, and a new process for submitting independent dispute resolution (IDR) requests under the No Surprises Act that are improperly batched or bundled. We also preview the telehealth extension and remote monitoring legislation that is currently working its way through the House of Representatives. Additionally, we discuss a recently issued Office of Inspector General (OIG) report pertaining to continued fraud and abuse risks with off-the-shelf orthotic braces.

    In depth
    Authors

    Tony Maida

    Partner

    New York – One Vanderbilt Avenue

    Emily Jane Cook

    Partner

    Los Angeles, Washington, DC

    Monica Wallace

    Partner

    Chicago

    James A. Cannatti III

    Partner

    Washington, DC

    Evelyn S. Atwater

    Associate

    Chicago

    Lauren Ellison

    Associate

    Washington, DC

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  • International News: Spotlight on Innovation

    International News: Spotlight on Innovation

    INTERNATIONAL NEWS / REPORT

    International News: Spotlight on Innovation

    June 2024

    Read time: 3 min

    Key takeaways
    Overview

    Innovation fuels business growth and ushers in success, yet it brings its own set of challenges. In our latest issue, we explore innovative products and processes including:

    • The EU’s new Unified Patent Court simplifying patent protection with a single application process, a significant leap from the previous system’s complexity.
    • Custom new financial instruments, like junior capital and revenue-based financing, catering to the unique needs of startups and expanding businesses.
    • The recent EU Artificial Intelligence Act introducing a stringent regulatory framework for AI, with substantial implications for innovation in the health and life sciences sectors.
    • Advisors in the legal field harnessing new technology to provide bespoke technological solutions that yield considerable savings in time and money.
    In depth
    Authors

    Paul S. Gadiock

    Partner

    San Francisco

    Hunter Jackson

    Chief Knowledge Officer

    Dallas

    Sharon Lamb

    Partner

    London – 22 Bishopsgate

    Aymen Mahmoud

    Partner

    London – 22 Bishopsgate

    Rob Marshall

    Partner

    London – 22 Bishopsgate

    James R. Ravitz

    Partner

    Washington, DC

    Benjamin W. Thompson

    Senior Innovation Counsel

    Dallas

    Dr. Philip Uecker

    Associate

    Düsseldorf

    Marissa Hill Daley

    Associate

    Washington, DC

    Charles de

    Counsel

    Paris

    Bella North

    Senior Associate

    London – 22 Bishopsgate

    Laura Katharina Woll

    Associate

    Düsseldorf

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  • Healthcare Regulatory Check-Up Newsletter | April 2024 Recap

    Healthcare Regulatory Check-Up Newsletter | April 2024 Recap

    REPORT

    Healthcare Regulatory Check-Up Newsletter | April 2024 Recap

    May 2024

    Read time: 2 min

    Key takeaways
    Overview

    This issue of McDermott’s Healthcare Regulatory Check-Up highlights regulatory activity for April 2024. We discuss several US Department of Health and Human Services (HHS) agency actions, including the Calendar Year (CY) 2025 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies released by the Centers for Medicare and Medicaid Services (CMS), new final rules related to nursing home staffing, access to Medicaid and the Children’s Health Insurance Program (CHIP), and the Food and Drug Administration’s (FDA) new final rule on laboratory-developed tests (LDTs). We also review the Federal Trade Commission (FTC) ruling to potentially ban the majority of noncompete agreements. Additionally, we discuss one favorable Office of Inspector General (OIG) advisory opinion and several criminal and civil enforcement actions pertaining to healthcare fraud, including alleged violations under the False Claims Act (FCA), federal Anti-Kickback Statute (AKS) and Physician Self-Referral Law (Stark Law).

    In depth
    Authors

    Tony Maida

    Partner

    New York – One Vanderbilt Avenue

    Emily Jane Cook

    Partner

    Los Angeles, Washington, DC

    Monica Wallace

    Partner

    Chicago

    Caroline Reignley

    Partner

    Washington, DC

    Marissa Hill Daley

    Associate

    Washington, DC

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  • International Legal Highlights | Spring 2024

    International Legal Highlights | Spring 2024

    REPORT

    International Legal Highlights | Spring 2024

    Spring 2024

    Read time: 2 min

    Key takeaways
    Overview

     

    In depth
    Authors

    Julian L. André

    Partner

    Los Angeles

    Edward B. Diskant

    Partner

    New York – One Vanderbilt Avenue

    James Durkin

    Partner

    Chicago

    Jonathan Ende

    Partner

    Washington, DC

    Paul M.G. Helms

    Partner

    Chicago, Washington, DC

    Matthew Madden

    Partner

    Chicago

    Sagar K. Ravi

    Partner

    Washington, DC, New York – One Vanderbilt Avenue

    Paul M. Thompson

    Partner

    Washington, DC

    Ashley Hoff

    Counsel

    Austin

    Mark E. Schreiber

    Counsel

    Boston

    Brian Long

    Associate

    Dallas

    Lisa Nassi

    Associate

    Düsseldorf

    Diana Pisani

    European Patent Attorney

    London – 22 Bishopsgate

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  • Antitrust M&A Snapshot | Q1 2024

    Antitrust M&A Snapshot | Q1 2024

    REPORT

    Antitrust M&A Snapshot | Q1 2024

    May 2, 2024

    Read time: 2 min

    Key takeaways
    Overview

    McDermott Will & Emery’s global competition practice can assist clients with antitrust M&A issues in various jurisdictions around the world. Feel free to contact one or more of our partners in our various offices. The individuals below can assist or can refer you to one of our many other lawyers in our competition team who can help with a specific question.

    United States: Jon DubrowJoel GrosbergRay Jacobsen, Stephen Wu, Ryan Tisch and Elai Katz

    Europe: Jacques BuhartChristian KrohsHendrik Viaene, Frédéric Pradelles, Stéphane Dionnet and Axel Schulz

    In depth
    Authors

    Julian Rößler-Weis

    Associate

    Düsseldorf

    Jon B. Dubrow

    Partner

    Washington, DC

    Joel R. Grosberg

    Partner

    Washington, DC

    Stéphane Dionnet

    Partner

    Brussels

    Graham J. Hyman

    Associate, Law Clerk

    New York – One Vanderbilt Avenue

    Max Küttner

    Associate

    Düsseldorf

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  • Healthcare Regulatory Check-Up Newsletter | March 2024 Recap

    Healthcare Regulatory Check-Up Newsletter | March 2024 Recap

    REPORT

    Healthcare Regulatory Check-Up Newsletter | March 2024 Recap

    April 2024

    Read time: 2 min

    Key takeaways
    Overview

    This issue of McDermott’s Healthcare Regulatory Check-Up highlights regulatory activity for March 2024. We summarize a US Court of Appeals for the Second Circuit decision interpreting the intent standard under the federal Anti-Kickback Statute (AKS). We also discuss several criminal and civil enforcement actions pertaining to healthcare fraud, including alleged violations under the False Claims Act (FCA), AKS and Physician Self-Referral Law (Stark Law). We then review several US Department of Health and Human Services (HHS) agency actions, including several HHS Office of Inspector General (OIG) audits regarding Provider Relief Fund spending and diabetes drug and opioid prescriptions, as well as an upcoming OIG study of vertical integration of prescription drug pharmacy benefits managers. We also cover other government activities, including a multi-agency request for information about the involvement of private equity in the healthcare system and a proposed rule concerning compounding drugs.

    In depth
    Authors

    Tony Maida

    Partner

    New York – One Vanderbilt Avenue

    Emily Jane Cook

    Partner

    Los Angeles, Washington, DC

    Monica Wallace

    Partner

    Chicago

    Steven J. Schnelle

    Partner

    New York – One Vanderbilt Avenue

    Max Lubin

    Associate

    New York – One Vanderbilt Avenue

    Jae Hyun Lee

    Associate

    New York – One Vanderbilt Avenue

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  • Healthcare Regulatory Check-Up Newsletter | February 2024 Recap

    Healthcare Regulatory Check-Up Newsletter | February 2024 Recap

    REPORT

    Healthcare Regulatory Check-Up Newsletter | February 2024 Recap

    March 2024

    Read time: 2 min

    Key takeaways
    Overview

    This issue of McDermott’s Healthcare Regulatory Check-Up highlights regulatory activity for February 2024. We discuss various regulatory developments, including guidance on the use of AI in coverage decisions and texting patient information in hospitals, as well as new regulations on the confidentiality of substance abuse patient records and telehealth prescription of opioids. We also discuss several criminal and civil enforcement resolutions and activities that involve alleged violations of the False Claims Act (FCA), Anti-Kickback Statue (AKS), HIPAA and other claims.This issue of McDermott’s Healthcare Regulatory Check-Up highlights regulatory activity for February 2024. We discuss various regulatory developments, including guidance on the use of AI in coverage decisions and texting patient information in hospitals, as well as new regulations on the confidentiality of substance abuse patient records and telehealth prescription of opioids. We also discuss several criminal and civil enforcement resolutions and activities that involve alleged violations of the False Claims Act (FCA), Anti-Kickback Statue (AKS), HIPAA and other claims.

    In depth
    Authors

    Tony Maida

    Partner

    New York – One Vanderbilt Avenue

    Emily Jane Cook

    Partner

    Los Angeles, Washington, DC

    Monica Wallace

    Partner

    Chicago

    Amanda Enyeart

    Partner

    Chicago

    Cathy Ren

    Associate

    Los Angeles

    Casey Li

    Associate

    Chicago

    More Insights

  • Credit Conditions | Q1 2024

    Credit Conditions | Q1 2024

    REPORT

    Credit Conditions | Q1 2024

    March 2024

    Read time: 5 min

    Key takeaways
    Overview

    Higher interest rates presented a challenging environment for dealmakers and the debt markets in 2023. But what does 2024 have in store? In this edition of Credit Conditions, we look back at last year’s key market trends and explore their potential impact on debt markets in the coming year.

    For more, access our Credit Conditions resource page.

    In depth

    Key Debt Market Trends

    Interest Rates

    Private Equity and M&A

    Private Credit vs. BSL

    Junior Capital

    Distress and the Maturity Wall

    Key Debt Market Data on CreditSights

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    Authors
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  • Healthcare Regulatory Check-Up Newsletter | January 2024 Recap

    Healthcare Regulatory Check-Up Newsletter | January 2024 Recap

    REPORT

    Healthcare Regulatory Check-Up Newsletter | January 2024 Recap

    February 2024

    Read time: 2 min

    Key takeaways
    Overview

    This issue of McDermott’s Healthcare Regulatory Check-Up highlights regulatory activity for January 2024. We discuss several US Department of Health and Human Services (HHS) agency actions, including the new Innovation in Behavioral Health Model (IBH) released by the Centers for Medicare & Medicaid Services (CMS), amendments to New York’s Section 1115 Medicaid waiver, new final rules related to prior authorization and conscience rights, and the Food & Drug Administration’s (FDA) approval of Florida’s drug importation program. We also discuss four favorable Office of Inspector General (OIG) Advisory Opinions and several criminal and civil enforcement actions pertaining to healthcare fraud, including alleged violations under the False Claims Act (FCA), federal Anti-Kickback Statute (AKS) and Physician Self-Referral Law (Stark Law).

    In depth
    Authors

    Tony Maida

    Partner

    New York – One Vanderbilt Avenue

    Emily Jane Cook

    Partner

    Los Angeles, Washington, DC

    Monica Wallace

    Partner

    Chicago

    Nathan Gray

    Associate

    Washington, DC

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  • Key Takeaways |  Raising Capital in 2024: Navigating New Opportunities

    Key Takeaways | Raising Capital in 2024: Navigating New Opportunities

    REPORT

    Key Takeaways | Raising Capital in 2024: Navigating New Opportunities

    February 12, 2024

    Read time: 5 min

    Key takeaways
    Overview

    On January 30, 2024, we hosted our Raising Capital in 2024: Navigating New Opportunities event, which included two panels and a networking reception. The first panel was moderated by McDermott Partner Daniel Woodard and featured Bank of America Managing Director Andreas Apostolatos, Intensity Therapeutics Inc. Founder and CEO Lewis Bender, and Aisling Capital Managing Partner Andrew Schiff, MD. They discussed current market conditions and offered advice on different capital raising options and practical strategies.

    The second panel, which was moderated by McDermott Partner Todd Kornfeld and included former McDermott Partner Edward (Jed) Gordon, McDermott Partner Kate Vera and Associate Allison McSorley Tassel, explored the essential steps companies should take to become market ready, as well as other considerations for said companies as they move toward closing a transaction.

    Below are key takeaways from the second panel.

    In depth
    • Protecting Intellectual Property (IP) Is Essential for Many Emerging Growth Companies. The group discussed how companies often do not realize that they have not fully protected their IP rights until they enter the diligence process for a potential transaction, such as an initial public offering (IPO) or the sale of their company. Taking reasonable actions early in the lifecycle will not only help protect the business from legal challenges but will also help in raising capital.
    • Get Executive Compensation Right Early On. Failing to do so could have major consequences for companies looking to raise capital. Executive compensation is an important tool in attracting and retaining key employees, especially for smaller companies, and there are nuances to properly aligning incentives. Companies should be mindful of compliance with tax and securities laws as failure to comply can lead to expensive delays in IPOs or mergers and acquisitions (M&A). In particular, “cheap stock,” a situation in which insiders acquire stock or options at a price below fair market value, can raise various accounting, tax and disclosure issues.
    • Be Prepared for a Cybersecurity Incident Before It Happens. Both private and public companies should be aware that failure to maintain proper cybersecurity policies and procedures can result in reputational damage, loss of customers, government investigations and financial losses. Publicly traded companies and companies considering an IPO should also be aware of the US Securities and Exchange Commission’s latest cybersecurity incident disclosure rules. Having an incident response plan ready before a security breach occurs makes both the response and the required public disclosure less burdensome for companies. Unlike with other disclosure requirements, there is no scaled reporting requirement for smaller companies.
    • Artificial Intelligence (AI): Challenges and Opportunities. AI presents both challenges and opportunities for companies looking to raise capital. The use of AI has led to more convincing and effective cyberattacks. However, companies also have the opportunity to leverage AI to prevent and respond to cyberattacks, for example, by more easily sweeping their IT systems and automatically filtering out phishing scams before they reach their intended targets. Companies should educate themselves on the benefits and risks of AI as it relates to their business.
    • Good Recordkeeping and Corporate Hygiene Are Crucial. Many smaller companies, as well as some larger ones, find themselves short-staffed and short on resources. As a result, companies find that their corporate records and general corporate hygiene are lacking. Oftentimes, records of board resolutions and meetings, such as those relating to equity compensation and other issuances of stock, may be missing, incomplete or ambiguous. These problems can be expensive, time-consuming and difficult to fix, and they can impact the timing and pricing of an IPO or an M&A transaction.
    Authors

    Todd R. Kornfeld

    Partner

    New York – One Vanderbilt Avenue

    Kate Vera Coverdale

    Partner

    New York – One Vanderbilt Avenue

    Daniel L. Woodard

    Partner

    New York – One Vanderbilt Avenue

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