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MBBP Clients Among BBJ’s Honorees – “Best Places to Work of 2015″ 05/04/2015

Posted by Morse, Barnes-Brown Pendleton in Client News, Computer Software & Hardware, Events, Industries, Internet and E-Commerce, Public Companies.
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2015-04-30_15-23-12On Thursday, April 30th, the Boston Business Journal announced the 80 honorees for its annual Best Places to Work of 2015 program. This year’s employers were divided among five different categories based on company size, and were selected based on survey responses provided by employees. The BBJ will recognize this year’s honorees on June 18th at the Citi Performing Arts Center.

Among the 80 nominees, are several MBBP clients:

Congratulations to all! View the full list of “Best Places to Work of 2015“.

MBBP Clients Named 2015 MITX Awards Finalists 04/09/2015

Posted by Morse, Barnes-Brown Pendleton in Clean Tech, Client News, Events, Internet and E-Commerce, Public Companies, Publishing & Media, Telecommunications & Networking.
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2015-04-09_13-16-10On Wednesday, April 8th, the Massachusetts Innovation & Technology Exchange announced the finalists for the 2015 MITX Awards. The MITX Awards is the largest and most prestigious annual awards competition in the country for digital marketing and technology innovation, bringing together 1,200 of the best and brightest minds in the digital media, marketing and technology industry. The awards ceremony will take place on Thursday, May 14th, 2015 at the Marriott Copley.

Among this year’s finalists, are several MBBP clients:

Forge Worldwide
Yottaa
Mullen Advertising, Inc.
LogMeIn
Nanigans
Interactions, Corp.

Congratulations to all! To see the full list of finalists, please visit MITX.

MBBP Clients Named SBANE New England Innovation Awards Finalists 04/07/2015

Posted by Morse, Barnes-Brown Pendleton in Clean Tech, Client News, Events, Industries, Manufacturing, Retail & Service, Nonprofit, Publishing & Media, Telecommunications & Networking.
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2015-04-07_11-01-36The Smaller Business Association of New England recently announced this year’s Innovation Awards Finalists. MBBP would like to congratulate clients OYO Sports and Comark on advancing to the final stage of this prestigious competition. Innovation is at the heart of economic prosperity and SBANE continues to recognize those companies and organizations that have transformed their innovative ideas into a product or service that delivers proven value to customers. Former winners come from varying fields such as technology, manufacturing, service (both for profit and not for profit), and retail / distribution. Winners and Finalists will be honored at the “Evening of Innovation” Gala Dinner on May 6, 2015 at the Westin Hotel in Waltham, MA.

To learn more about all of the Finalists of the 2015 Innovation Awards via SBANE.

Employers Should Maintain and Enforce Overtime Policies to Minimize Potential Liability 03/31/2015

Posted by Morse, Barnes-Brown Pendleton in Client News.
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Massachusetts and Federal law requires that employers pay overtime to non-exempt employee’s that work more than 40 hours a week. Which means employers can be liable for overtime even if the hours were not authorized.

To minimize the liability employers should establish a policy that requires non-exempt employee to request overtime.

To learn more about this law read our Employment Law Blog.

Patients as Customers: Primary Care Practice Taking a Starbucks Approach 03/27/2015

Posted by Morse, Barnes-Brown Pendleton in Client News.
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IroaMBBP client Iora Health has announced an innovative plan to keep you out of the hospital and still make money. There’s no shortage of personal stories stating the classic case of healthcare complications and costs standing in the way of getting (and staying) healthy. The misalignment of financial incentives is a huge problem for patients, who often can’t get the care they need. Iora thinks it may be able to solve both problems and make money doing so. Its business model is meant to keep patients out of the hospital by improving service while earning a dividend on the expensive care it was able to avoid.

What’s so innovative about this? The plan offers the possibility of mass replication of quality care in a franchise-like style. Few health care innovators now expand beyond their original location, but Iora’s ultimate goal is hundreds of practices across the country, a kind of Starbucks for health care.

Read more, including one patient’s story here.

Help Scout Raises $6M Led by Foundry Group 03/25/2015

Posted by Morse, Barnes-Brown Pendleton in Client News.
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Help Scout.fwMBBP client Brightwurks (dba Help Scout), a Boston based start-up recently announced that they are ready to evolve.  Help Scout has been providing Web-based help desks to thousands of customers with only $800,000 in funding, which is a small sum for any tech startup.   After closing a $6 million Series A round recently, Help Scout plans to expand its business, including doubling the size of its team, which is already operating from four countries and 11 states.

Read here for more details on this exciting announcement.

Tax Alert: Massachusetts 2015 Limited Tax Amnesty Program 03/20/2015

Posted by Morse, Barnes-Brown Pendleton in Client News, Taxation.
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Tax Attorney Robert FinkelTaxpayers who have received a Tax Amnesty Notice from the Massachusetts Department of Revenue (DOR) may be eligible to participate in a 60-day Amnesty Program. Under the Amnesty Program, the DOR will waive certain penalties (and penalty interest) if an “eligible” taxpayer makes full payment of all tax and interest due for the taxes and tax periods listed on the Tax Amnesty Notice.

In addition to paying tax and interest in full, participants must agree to waive both the possibility of receiving any refund Tax Attorney Diana Espanolaand also the possibility of contesting liability for amounts paid pursuant to the Amnesty Program.

The Amnesty Program ends on May 15, 2015.

Read our full Tax Alert to learn more about the Amnesty Program. To learn how our Tax team can assist you, please contact Robert Finkel or Diana Española.

MBBP Client OtoSense Earns Top Award at GSMA Global Mobile Awards 03/12/2015

Posted by Morse, Barnes-Brown Pendleton in Clean Tech, Client News, Computer Software & Hardware, Intellectual Property, Manufacturing, Retail & Service, New Resources, Public Companies.
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2015-03-12_9-40-31MBBP client OtoSense, a Cambridge-based start-up, has recently been recognized for its sound recognition technology. The company has developed an app that enables hearing impaired end users to select various traditional sounds such as bells, alarms, timers, etc. that occur within an everyday environment and then identify such sounds as they occur and alert the end user via non-acoustic means such as flashes, vibrations or text messages. Selected out of more than 800 entries and judged by a panel of international experts, the start-up won the “Best Mobile App of the Year” Global Mobile Award, in the category of Accessibility & Inclusion, at the 20th annual GSMA Global Mobile Awards.

Well done, OtoSense!

You can view a full list of 2015 Global Mobile Award winners here.

Giant Otter Receives SBIR Phase II Grant 02/27/2015

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Giant Otter Technologies

MBBP Client Giant Otter Technologies announced on February 26, 2015 that it has been awarded a Small Business Innovation Research (SBIR) Phase II grant.  This highly selective two –year grant from the National Science Foundation in the amount of $750,000 will support Giant Otter’s mission to collect the world’s most comprehensive database of human behavior.

Giant Otter Technologies creates data-driven improvisational role-playing virtual simulations that can help change behaviors and improve relationships.

Read the latest news.

MBBP Client Demiurge Studios Acquired by SEGA Networks 02/20/2015

Posted by Morse, Barnes-Brown Pendleton in Client News, Computer Software & Hardware, Games & Interactive Entertainment, Intellectual Property, Legal Developments, Licensing & Strategic Alliances, New Resources, Public Companies, Publishing & Media.
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2015-02-19_10-29-40MBBP Client Demiurge Studios, an independent game developer out of Cambridge, Massachusetts, has been acquired by SEGA Networks, a multinational video game developer, publisher, and hardware development company. Founded in 2002, Demiurge Studios made the transition into mobile gaming in 2008 and found success with Marvel® Puzzle Quest™, a top 100 grossing app on the App Store and top 50 grossing apps on Google Play. Previously, they worked with world-class developers like BioWare™ and Irrational Games™ on AAA console and PC games, contributing to titles such as BioshockBorderlands, and Mass Effect. Demiurge Studios will continue to make games under the Demiurge Studios name.

Morse, Barnes-Brown & Pendleton serves as counsel to Demiurge Studios, and advised it in connection with the structuring, negotiation and documentation of this transaction.

Joe Martinez was the lead corporate attorney on MBBP’s team, which also included attorneys Mike Cavaretta, Diana Española and Hillary Peterson.

To learn more, read the full press release.

The Industrial Internet Consortium Announces Release of “Track and Trace” 02/18/2015

Posted by Morse, Barnes-Brown Pendleton in Client News, Industries, Manufacturing, Retail & Service.
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2015-02-12_12-25-14

MBBP client The Industrial Internet Consortium (IIC), a non-profit group whose mission is to accelerate growth of the Industrial Internet by identifying, assembling and promoting best practices, has announced the release of the Track and Trace testbed. The goal of this project is to manage handheld power tools in manufacturing and maintenance environments by efficiently tracking and tracing the usage of these tools for proper use. During this two year project, five Industrial Internet Consortium members will be lending their expertise to the testbed. With the Track and Trace testbed, companies will be able to enhance productivity, production quality, and work safety in manufacturing.

To read the full press release.

MBBP Client Valeritas Files IPO 02/17/2015

Posted by Morse, Barnes-Brown Pendleton in Client News.
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Valeritas, Inc.

On February 12, 2015, MBBP client Valeritas, Inc., a medical technology company focused on the development and commercialization of innovative drug delivery solutions, filed for a $90 million IPO.

The filing with the SEC arrives one week after insulin pump maker Asante Solutions postponed its proposed $49 million offering.

Valeritas markets a disposable device that delivers basal-bolus insulin therapy for Type 2 diabetes.

More details can be found here or visit www.valeritas.com.

Kaspersky Lab Discovers Bank Robbery 02/17/2015

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Kaspersky Lab

MBBP client Kaspersky Lab, Inc., a home and business computer security software company based in Woburn, MA., discovered one of the biggest bank robberies in history, showing that they are a major global player in the cybersecurity industry. On February 16, 2015 Kaspersky announced through a Press Release the criminals may have stolen as much as $1 billion from banks around the world!

For more information on Kaspersky click here.

MBBP Client Forge Worldwide Wins “Sweet” Partnership with Friendly’s 02/05/2015

Posted by Morse, Barnes-Brown Pendleton in Client News, Industries, Internet and E-Commerce, Public Companies, Publishing & Media, Telecommunications & Networking.
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forgelogoMBBP would like to congratulate client Forge Worldwide, a Boston-based advertising agency, for winning a partnership with Friendly’s Ice Cream.  Forge Worldwide will now oversee all television, radio, print and out-of-home advertising for Friendly’s as well as provide support to the Friendly’s team as it focuses on its re-brand and resurgence in core markets. Some other clients Forge Worldwide works with include Cisco, Rockland Trust, Brigham and Women’s Hospital, and Dragon Speech Recognition Software.

 

You can read the full announcement here.

Well done, Forge Worldwide!

Dane Street Expands to Better Serve Their Customers 02/03/2015

Posted by Morse, Barnes-Brown Pendleton in Client News, M&A.
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Dane Street Client Logo (M0739750)MBBP client Dane Street recently announced the acquisition of National Examinations Network (NEN) a Huntington, NY based company.  The new partnership will further strengthen Dane Street’s ability to better serve their clients within that region. Morse, Barnes-Brown & Pendleton serves as counsel to Dane Street, and advised it in connection with the structuring, negotiation and documentation of this transaction.  Shannon Zollo was the lead corporate attorney on MBBP’s team.

More details can be read here.

Spectro Scientific Acquires On-Site Analysis, Inc. 01/28/2015

Posted by Morse, Barnes-Brown Pendleton in Client News, Deal News.
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Spectro Scientific

On November 28, 2014, MBBP client Spectro Scientific, a leading developer and manufacturer of analytical tools and software acquired On-Site Analysis, Inc., (OSA).  Spectro Scientific is one of the largest worldwide suppliers of oil, fuel and processed water analysis instruments to industry and the military.  OSA specializes in manufacturing analytical equipment primarily for on-premise coolant, oil and lubrication testing.  The acquisition will enable customers to enjoy continually higher levels of analytical speed, convenience and accuracy.

Morse, Barnes-Brown & Pendleton serves as counsel to Spectro Scientific, and advised it in connection with the structuring, negotiation and documentation of this transaction.  Joe Marrow was the lead corporate attorney on MBBP’s team.

For more information read the full article.

FDA Recommends Approval of Sandoz’s Biosimilar Drug, a First 01/07/2015

Posted by Morse, Barnes-Brown Pendleton in Client News, Life Sciences, Medical Devices.
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By: David FazzolarePatent Attorney David Fazzolare

On January 5, 2015, the US Food and Drug Administration’s (“FDA’s”) Oncologic Drugs Advisory Committee (the “Committee”) announced its recommendation that the FDA approve Sandoz Inc.’s application to market Zarxio® (EP2006), a biosimilar version of Amgen, Inc.’s Neupogen® drug.  The Committee explained its recommendation in a 62-page, publicly-issued briefing document.  Zarxio® is the first drug reviewed by the Committee under new biosimilars provisions enacted as part of the Patient Protection and Affordable Care Act.  The Committee’s recommendation is therefore a key step forward not only for Zarxio®, but also for implementation of the new biosimilars provisions (known as the Biologics Price Competition and Innovation Act of 2009, or “BPCIA”).

Sandoz is not yet seeking interchangeability status for Zarxio®, a designation which allows pharmacists to substitute biosimilars in place of prescribed reference biologics—i.e., Zarxio® in place of Neupogen®.  Sandoz told the Committee it plans to file for interchangeability only after Zarxio® is fully approved as a biosimilar.

The Committee’s recommendation, while a milestone for the drug and the FDA, does not automatically clear the way for approval of Zarxio®.  The Committee noted that the lack of comparative data available left some “residual uncertainty about whether ADA [anti-drug antibodies] incidence is similar in subjects administered [Zarxio®] and … Neupogen®.”  On January 7, 2015, the FDA will take testimony from experts, who may weigh in on this issue, and provide their own recommendations as to whether the FDA should approve Zarxio® as a Neupogen® biosimilar.  The FDA will then undertake a full review of Zarxio®.  In the background is Amgen’s pending federal lawsuit against Sandoz, brought on October 24, 2014, which alleges Sandoz’s conduct violated the procedures required by the BPCIA.  Amgen also submitted a citizen’s petition to the FDA on October 29, 2014, asking that the FDA require biosimilar applicants to fully comply with all BPCIA procedures.  How the Committee’s recommendation will affect these filings remains unclear.

For more information, please contact David Fazzolare.

Q3 VC Data Reported in MBBP’s VC Spotlight Newsletter 12/19/2014

Posted by Morse, Barnes-Brown Pendleton in Client News, Venture Capital & Private Equity.
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MBBP’s Q4 VC Spotlight newsletter just published over on our Venture Capital and Start-Up Blog!

We’re reporting on Q3 2014 First Institutional Rounds; how the SEC’s suggested changes to the definition of which investors constitute “accredited investors”  might affect you; and a recent financing completed by our client, MA-based OYO Sports.

Get the details here.

MBBP’s Chip Wry Featured in Latest Edition of Business Entities 12/15/2014

Posted by Morse, Barnes-Brown Pendleton in Client News, MBBP news, New Resources.
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Corporate and Tax Attorney Charles Wry, Jr.

Thomson Reuters has published an article written by MBBP’s Chip Wry in its November/December issue of Business Entities.  Chip’s article, entitled Tax Consequences of Issuing Convertible Notes for a Start-Up LLC, considers certain negative tax aspects of a start-up LLC’s use of convertible notes to raise seed financing.

 

The full article can be read here.

For any questions on the topic, please contact Chip Wry.

MBBP Client Design Mentor, Inc. Wins at Biomedical “Shark Tank” 11/24/2014

Posted by Morse, Barnes-Brown Pendleton in Client News.
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2014-11-06_9-34-39MBBP Client Design Mentor, Inc., won first place at the 16th Annual National Institutes of Health Small Business Innovation Research and Technology Transfer Conference  for the VentriFloTM True Pulse Pump (TPP) for cardiopulmonary bypass surgery, which helps maintain optimal blood flow to reduce complications. Design Mentor, Inc. was one of  five finalists chosen out a pool of applicants to present at the conference. Each finalist had two minutes to explain the ingenuity, feasibility and potential impact of their technology, followed by a three-minute Q/A with the judges. Design Mentor, Inc. was able to explain the fundamental differences between current rotary pumps and the VentriFlo True Pulse Pump to impress the judges.

Great work, Design Mentor, Inc.!

 

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