Looking into the Crystal Ball for Life Science Organizations in 2016

Posted on Thursday, January 21, 2016 by

Our “best guesses” continue to be refined through analytics and the power of data. If we apply the recent history of life science organizations in the U.S. to 2016 manufacturing, R&D, distribution and financial models, we can establish a baseline for what to expect in 2016.

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What’s New with Equity Crowdfunding?

Posted on Thursday, January 21, 2016 by

Big things are continuing to develop with equity crowdfunding. On October 30, 2015, the Securities Exchange Commission (SEC) issued final rules under Title III of the JOBS Act of 2012 that will allow equity crowdfunding through online portals.

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2015 BioOhio Events

Posted on Friday, October 9, 2015 by

BioOhio, Ohio’s bioscience membership organization, is excited to host several events in the remainder of 2015.

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A Refresher on Budgets, Forecasts and Projections

Posted on Thursday, October 8, 2015 by

As an early stage venture – or an existing company with new technologies – it is vitally important to prepare a financial budget, then use it each month (or week, or even day) to ensure you are meeting your expectations.

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Is Crowdfunding As Straightforward As It Looks?

Posted on Tuesday, October 6, 2015 by

Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people. This popular method of raising money can create a lot of questions from an accounting and tax standpoint.

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New Standards Affecting Development Stage Entities

Posted on Friday, June 27, 2014 by

In one of my earlier blogs, I referenced specific accounting standards required for Development Stage Entities (DSEs). The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities (Topic 915), which eliminated all unique reporting requirements for these type of entities as well as removed an exception that was […]

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Transforming Healthcare: A Recap of BioOhio Unplugged

Posted on Wednesday, June 11, 2014 by

Skoda Minotti Life Sciences and Innovation group, led by Marilea Campomizzi, CPA and Paul Etzler, CPA, CGMA, GACR, recently sponsored BioOhio Unplugged: CEOs & Leadership Series in Columbus, Ohio. The event featured G. Steven Burrill, who presented on his 28th Annual Report “Transforming Healthcare,” along with a recognized panel of life science industry CEOs and […]

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Good Medicine: Pharma Industry Seeing Positive Steps From the Top Down

Posted on Tuesday, February 25, 2014 by

With Northeast Ohio strengthening its foundation in the bioscience space, we’ve kept a close eye on patent law developments that may impact or impede a company's road to progress. In a recent article in Crain’s Cleveland Business, Susan M. Hopkins stated: the “U.S. Supreme Court answered a longstanding question in intellectual property law: Can a […]

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New Procedure Steamlines Patent Infringement Defense

Posted on Saturday, December 14, 2013 by

The following article is brought to you by our colleagues at the law firm of  Hahn Loeser & Parks. Companies accused of patent infringement now have a more cost effective method to contest the validity of asserted patents as compared to traditional litigation. The America Invents Act introduced Inter Partes Review (IPR)–a new procedure at […]

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Small Business Classification: Possible Changes Affecting Development Stage Entities

Posted on Friday, December 6, 2013 by

Under current accounting standards, startup companies that are devoting substantially all of their efforts to creating a new business may be considered Development Stage Entities (DSE) if either 1) the principal operations haven’t commenced yet OR 2) principal operations have commenced, but there has been no significant revenues generated.  Once identified as such, DSEs have […]

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