Douglas G. Gray

Partner
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Douglas Gray is Chair of Locke Lord's Life Sciences Practice Group, focusing on medical device, pharmaceutical and health care-related companies and products. He brings to his clients a broad range of experience in the practice of corporate law, concentrating in the areas of mergers and acquisitions, corporate governance, strategic alliances and commercial ventures. In addition, he enjoys an active collaborations practice, centered on negotiating licensing, joint venture and development agreements relating to intellectual property rights. Douglas is a member of the Firm's Board of Directors and Co-Chairs the Firm's Pro Bono Committee.

Douglas Gray is Chair of Locke Lord's Life Sciences Practice Group, focusing on medical device, pharmaceutical and health care-related companies and products. He brings to his clients a broad range of experience in the practice of corporate law, concentrating in the areas of mergers and acquisitions, corporate governance, strategic alliances and commercial ventures. In addition, he enjoys an active collaborations practice, centered on negotiating licensing, joint venture and development agreements relating to intellectual property rights. Douglas is a member of the Firm's Board of Directors and Co-Chairs the Firm's Pro Bono Committee.

Douglas' work in acquisitions, dispositions, joint ventures and other transactions involves representation of individual investors, management teams, corporate buyers and sellers, venture capitalists and private equity firms. This varied representation provides him with a unique understanding of the likely concerns of each party in a sophisticated transaction so that he is well-suited to assist clients in planning and implementing their strategies as well as crafting creative, but cost-effective, solutions to their concerns.

Douglas' experience includes the representation of:

  • Leonard Valve Company, a Rhode Island-based designer and manufacturer of water temperature control valves and monitoring devices used in institutional and commercial applications, and its owners in the sale of the equity interests of Leonard Valve to Bessemer Investors
  • ActiveCare Inc., and its wholly-owned subsidiary, 4G Biometrics, LLC, in the sale of substantially all of its assets under Sections 105, 363 and 365 of the United States Bankruptcy Code, to Telcare Medical Supply, LLC, a subsidiary of Biotelemetry, Inc. (NASDAQ: BEAT), a leading developer of mobile and wireless medical monitoring devices, for up to an amount exceeding $10 million of total consideration
  • Juvenescence Limited, a leading drug development company focused on the development of therapies to increase human longevity
    • In its purchase of 14.4 million shares of AgeX Therapeutics, Inc., for $43.2 million, from its affiliate, BioTime, Inc. (NYSE American: BTX). AgeX is focused on developing novel therapeutics for age-related degenerative disease
    • In a $10 million equity financing of FoxBio Inc. Juvenescence's partner in the joint venture, Antoxerene Inc. (a portfolio company of Ichor Therapeutics, Inc.), is a small molecule developer focused on targeting aging cells
    • In a $6.5 million equity financing of BYOMass Inc., a Massachusetts-based company focused on developing treatments for obesity and cachexia
  • Outside general counsel to a number of businesses and insurance companies ranging in size, from a billion dollar annual revenue NYSE manufacturer to privately held companies, in matters varying from acquisitions and dispositions to joint ventures and collaborations
  • A publicly traded client in negotiating and drafting a complex strategic alliance with another publicly traded company to jointly produce products by using each company's underutilized assets
  • Management teams on general corporate matters, including issues related to contracting, licensing, corporate governance and risk management
  • Management teams and boards of directors with strategic planning, acquisitions, dispositions, joint ventures and litigation management
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CREDENTIALS
Education
  • J.D., University of Notre Dame Law School, 1993
    Executive Articles Editor, Journal of Legislation
  • B.A., Yale University, 1988
Bar Admissions
  • Rhode Island
Court Admissions
  • Federal District Court of Rhode Island
Professional Affiliations
    • Member, Rhode Island Bar Association, Business Organization Committee; Ethics and Professionalism Committee
    • State Liaison, Corporate Laws Committee, American Bar Association
    • Firm Representative, Lab Central, Cambridge, MA
    • Firm Representative, New England Medical Innovation Center (NEMIC)
Awards & Recognitions
    • Recognized, Chambers USA, Corporate/Commercial Law in Rhode Island (2007-2020)
    • Named, The Best Lawyers in America®, Corporate Law (2010-2021)
    • Named, Providence Corporate Law Lawyer of the Year, The Best Lawyers in America® (2015)
    • Named, Rhode Island Super Lawyers®, Mergers & Acquisitions (2011-2020)
    • AV rated by Martindale Hubbell
Community Leadership
    • Trustee, French American School of Rhode Island (2015-Present)
    • Director and Adviser, The UCAP School and Fund for UCAP (1999-Present)
    • Director, Blithewold Arboretum (2008-2018), Chair, Vice Chair
    • Director, Community Prep School (2010-2018)
    • Director, The Haitian Project (1995-2010), Chair, Vice Chair (Trustee, 2010-Present)
    • Director, Habitat for Humanity East Bay (1996-2006)
    • Director, Newport Film (2008-2015)