News & Press Releases

Mintz advised the underwriters in connection with a $603 million public offering by Praxis Precision Medicines of 3,527,072 shares of common stock (which includes 501,592 shares of common stock issued pursuant to the exercise in full by the underwriters of their option to purchase additional shares of common stock) at a public offering price of $157.00 per share, and, in lieu of common stock to certain investors, pre-funded warrants to purchase up to 318,470 shares of common stock at the public offering price per share less the $0.0001 per share exercise price of each pre-funded warrant. The aggregate gross proceeds to Praxis Precision Medicines from this offering were approximately $603 million before deducting underwriting discounts and commissions and other offering expenses.

Of Counsel Michelle Capezza shared comments with Fiduciary News about how 401k fiduciaries can implement risk capacity, including the importance of providing retirement plan participants with balanced educational materials.

Mintz advised the placement agents in connection with Spruce Biosciences, Inc.'s $50 million private placement.  The investors purchased common stock (and pre-funded warrants in lieu of common stock for certain investors).

Bloomberg Law quoted Joanne Hawana in a recent article about the FDA’s crackdown on potentially misleading drug advertisements following its investigation into the use of social media influencers to promote certain drugs. Attorneys and the telehealth companies they counsel explain in the article that clarity from the FDA is needed on who is responsible for influencer ad messaging, particularly when promoting compounded drugs.

Member Tara Dwyer was recently quoted in Law360 Healthcare Authority regarding a federal ruling that could impact how the Centers for Medicare & Medicaid Services (CMS) conducts audits of Medicare Advantage plans. The ruling limits CMS from using small sample sizes to represent entire patient populations, which may challenge its goal of performing 550 audits annually to curb fraud and overbilling.

Member Daniel Cody shared insights with Part B News about the federal government shutdown and its potential impact on Medicare providers. The Centers for Medicare & Medicaid Services (CMS) has issued little guidance for providers related to the implications of the shutdown.