Lawyers from one of the area’s biggest law firms will be assisting drug and medical device company founders, thanks to the company’s new partnership with an emerging, venture capital-backed life sciences accelerator.
Goodwin has paired up with local life sciences accelerator Petri on the first of what the law firm anticipates could be many early-stage legal assistance initiatives, called Goodwin Labs. The setup will “put contemporaries with contemporaries,” Goodwin’s Global Head of M&A Stuart Cable said, by offering startups assistance with company incorporation, patenting, licensing deals and more from the law firm’s younger lawyers. The assistance will be provided at discounted or deferred rates.
Petri was launched in September 2019 by MIT biological engineer Tony Kulesa, Flagship Pioneering partner Brian Baynes and venture capitalist Jamie Goldstein and others. Since then, the organization has received hundreds of applications from entrepreneurs based in the Boston area, as well as several other U.S. cities, Mexico, Germany, India and elsewhere, Kulesa said.
