People are usually well aware that there’s a link between the complexity of various systems and the amount of education needed to practice within them. Personally, I’ve always been somewhat in awe of the amount of talent and dedication needed to practice law and medicine. Both require an immense amount of education and a corresponding level of devotion to the public interest. But until I heard about a recent case involving an investment banking firm and a medical research company, I wasn’t really aware of how these complex systems could come into conflict with each other.
The dispute between Laidlaw & Company and Relmada Therapeutics is testament to the complexity of the financial, legal and medical professions. Laidlaw is attempting to gain control of Relmada due to prior financing. Meanwhile Relmada insists that Laidlaw has been unfairly maligning them in an attempt to sour sentiment against them. This has been enough to get a temporary restraining order and associated injunction against Laidlaw.
What I found most interesting about the story is simply how lost I was at first. With most news stories there’s a pretty clear chain of events. There’s usually a parallel or two that I can make to my own life. But with this legal interaction I was forced to take a look at how medical financing and research works within the real world.
And looking further into Laidlaw & Company really drove that idea home. One of the biggest points is that the company showcases some of the senior executives within the company. And not only do they offer some background about the accomplishments in the business sector, but some of their charitable work and interests are up there as well. I was particularly struck by the fact that Matthew Eitner and James Ahern seem quite passionate about the medical field and ensuring that people are able to create treatments and get them to the people who need them.
That in the end is my takeaway of Laidlaw & Company as well. The medical industry needs financing. And sometimes two groups with the best intentions come into conflict. I think that Laidlaw & Company is really defined by the people at the top. And the people at the top of Laidlaw & Company really do seem to be passionate about helping the world.