Peter Crosby has over 45 years experience in the Medical Devices Industry. He has served as CEO of six medical device companies (public and private) in four countries, and has been a member of the board (including chairman of the board) of 13 companies. Mr. Crosby is an accomplished entrepreneur and company builder, and has brought many medical device products to the world market from concept to market release through R&D, clinical trials and regulatory approval (CE Mark and FDA). He is an inventor on over 50 US patents and applications.
Education includes a Bachelor of Engineering (Electrical) and Master of Engineering Science (Biomedical Engineering).
Litigation Support - Mr. Crosby has served as an expert in many cases including product liability, intellectual property (patent disputes including infringement, validity, IPR and ITC), alleged misappropriation of trade secrets, fiduciary duty of directors, and commercial contracts disputes (including commercially reasonable efforts").
Product Expertise:
- Implantable Devices
- Cochlear Implants
- Cardiac Pacemakers
- Implantable Defibrillators
- Artificial Hearts and LVADs
| - Neurostimulation Devices
- In Vitro Diagnostics
- Medical Device Software
- Patient Monitoring
- Imaging / Ultrasound and X-Ray)
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View Peter Crosby's Consulting Profile.
By: Peter Crosby
Emails can be dangerous. In the business world, emails can be not only dangerous but also very expensive.
By: Peter Crosby
Imagine this scenario: Early stage company Smallco develops an exciting new technology, which it uses to create the prototype of its first product - Brakethroo! A large company in the same field, Bigco, becomes aware of Brakethroo, and realizes that if the product works as hoped, it could be a valuable addition to Bigco's product range. Bigco offers to buy the technology and product from the shareholders of Smallco. The merger and acquisition (M&A) agreement specifies an up-front payment, and one or more payments dependent on achievement of milestones. Bigco agrees to use "commercially reasonable efforts" to achieve the milestones. Smallco and Bigco sign the agreement, the shareholders of Smallco get an immediate payout and look forward to further milestone payments.
