A Raw Deal, in a Researcher's Eyes

Autor/in	Blumenstyk, Goldie
Titel	A Raw Deal, in a Researcher's Eyes
Quelle	In: Chronicle of Higher Education, 54 (2008) 48, (1 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0009-5982
Schlagwörter	College Faculty; Intellectual Property; Business; Employer Employee Relationship; State Courts; Court Litigation; Technology Transfer; Contracts; Conflict; Georgia + Suchen Sie Ihr Suchwort? Fakultät; Geistiges Eigentum; Business studies; Wirtschaft; Betriebswirtschaft; Staatsgerichtshof; Rechtsstreit; Technologietransfer; Vertrag; Konflikt
Abstract	This article reports on a conflict between the inventor of a medicine for dry eyes and the university where she worked, which highlights the pitfalls in commercialization of academic discoveries. Renee L. Kaswan, the former professor of veterinary medicine at the University of Georgia has been prodding the institution to be more aggressive in commercializing her invention for more than a decade. Although she and the university stand to make some $70-million from a license on the invention used for the popular eyedrops Restasis, sold by Allergan Inc., Dr. Kaswan contends that the university would be entitled to substantially more--as much as $230-million in additional cash--were it not for the deal its research foundation cut with Allergan behind her back in 2003, a deal she calls naive and shortsighted. The 2003 deal allowed Allergan to reduce the royalties it was obliged to pay to the university, in exchange for an upfront payment of $23-million and additional payments later. The dispute that is now slowly working its way through a state court in Georgia shows why so few university inventions become blockbusters for their institutions. The documents in the case highlight the difficulties inherent in university technology transfer when the interests of faculty members passionate about their inventions clash with the more cautious culture of the university ultimately responsible for the intellectual property. (ERIC).
Anmerkungen	Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10