BC Advantage - 2018 Issue 9

A Prescription for Start Ups Relationships with Physicians

Like medicine, business and law are often more art than science. By way of analogy, one may view a start-up’s relationship with physicians like a compounding pharmacy, which mixes the substances in varying amounts, versus a pharmacy that dispenses prescriptions that are pre-measured and just need to be filled.  This is because depending on the state laws, percentage of physician ownership and other factors, the mix varies. There are several items that need to be considered when creating a start-up with physicians as principals, advisory board members, and/or investors.  Some of the legal issues that...

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