Crashes on Start Up

Apple Macbook Pro M1, OSX Monterey 12.6

I’m experiencing crashes on WaveLab Elements 11.1 on startup when there’s another audio app running in the background - typically it’s when a .WAV file is “double-clicked” to open the editor.

Has anyone else experienced this, and if so, other than not running other audio apps, do you have any recommendations for increasing stability?

Thank you.