The life science industry is all about navigating a new world of discovery. However, protecting such companies can be nuanced. Research and development investments are costly, regulations are ever-evolving, compliance may vary depending on where trials are conducted, and emerging cyber security risks can be daunting. Above all else, properly protecting intellectual property can make or break a company’s competitive advantage. To address these issues and help legal leaders develop smart strategies for the companies they represent, Newfront put forth a cross-disciplinary team for a special event. 

The presentation, titled “Insuring Life Sciences: Smart Strategies for Legal Leaders,” was hosted at the Association of Corporate Counsel’s 2023 Life Sciences Conference. Four of Newfront’s subject matter experts spoke at the event: Christina Varner, Senior Vice president and National Life Science and Digital Health & Telemedicine Practice Leader; Eric Long, Executive Vice President and Life Science Practice Leader; Joni Jennings, CPC, CPFA, and Retirement Services Compliance Manager; and Arturo Perez-Reyes, Senior Vice President and Cyber Lead Strategist. The team was joined by Heather Turner, CEO at Carmot Therapeutics, a Newfront client.

This presentation covered strategies for clinical trials, D&O coverage, and IP infringement, including:

• What to consider when purchasing clinical trial insurance and choosing an insurance broker

• Public company D&O claim trends and the current market environment for life science companies

• Trending intellectual property risks, the state of IP litigation, and how to manage and protect IP

• The top 10 best practice insurance management processes that life science companies need to know about

Watch the talk in full here:

About Newfront

Newfront is a modern brokerage transforming the risk management, business insurance, total rewards, and retirement services space through the combination of elite expertise and cutting edge technology. Specializing in more than 20 industries and headquartered in San Francisco, Newfront has offices nationwide and is home to more than 800 employees serving organizations across the United States and globally. For more information, visit newfront.com and follow us on LinkedIn.