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Technology Transfer Tactics sample issue

Rush Medical Center sells MS drug royalty stream for $42 million


By David Schwartz
Published: August 20th, 2014

Drug Royalty III, a private equity fund managed by DRI Capital Inc., has purchased royalties related to worldwide sales of Ampyra, a pharmaceutical used to improve walking in people with multiple sclerosis, for approximately $42 million. The royalties were acquired from Rush Medical Center, where researchers initially developed the drug. It is marketed by Acorda Therapeutics Inc. and sold internationally by Biogen IDEC, Acorda’s licensee.

Walking disability is one of the most common and debilitating symptoms of multiple sclerosis, and Ampyra is the only FDA-approved therapy aimed at improving mobility in patients with the disease. While other drugs work by reducing the inflammatory processes that cause damage to the central nervous system, Amprya, a potassium channel blocker, was shown in preclinical studies to improve message conduction in damaged nerve fibers.

CEO of Rush Dr. Larry Goodman comments on the sale of royalties to Drug Royalty III: “The proceeds from this transaction will advance Rush’s mission by allowing us to fund more of this kind of innovative research,” he says.

Craig Shepherd, a managing director at DRI, comments, “We are extremely pleased that our fund … has acquired royalties associated with the sales of Ampyra, which creates a meaningful difference in the lives of multiple sclerosis patients with a walking impairment.”

Shepherd adds: “DRI has been a global leader in working with academic pharmaceutical royalty recipients and this important deal with the team at Rush reinforces that. We are excited to see the proceeds of royalty monetization being reinvested by Rush to fund more innovative research.”

DRI’s three drug royalty funds have now collectively acquired over 50 separate international royalty streams from inventors, universities, research institutes, biotechnology, and global pharmaceutical companies located around the world.

Source: MarketWatch

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Don’t miss the University Technology Marketing Boot Camp


By David Schwartz
Published: August 20th, 2014

Technology and licensing managers often are well-versed in a wide range of technical and scientific fields, have an excellent grasp of IP law, and have a good handle on business and financial issues too. But when it comes to marketing, they are often at a near-total loss. Telling an innovation’s story effectively and with a compelling call to action requires an entirely different skill set that most tech transfer professionals simply don’t yet have.

Though this expertise is sorely lacking at most TTOs, the good news is that marketing skills can be taught, practiced, and perfected. By focusing on shoring up this critical but often neglected area of professional development, your TTO will reap huge dividends in its ability to attract the licensees, investors, entrepreneurs, and partners you need. That’s why Technology Transfer Tactics’ Distance Learning Division has brought together four university technology marketing experts to lead a how-to series being held every Wednesday for four weeks, beginning September 10.

In the four one-hour sessions that make up the University Technology Marketing Boot Camp, our top-notch panelists will lead you through the marketing process from disclosure assessment and how to pack a punch with your creative writing to budgeting, maximizing return on your marketing investment, and much more. Here are the topics we’ll cover by session:

Session One, Sept. 10: Understanding Your Technology, Inventor and Market
Session Two, Sept 17: Marketing Writing Best Practices
Session Three, Sept 24: Marketing by Channel
Session Four: Oct. 1: Content Strategy and Analytics

For complete program and faculty details and to register – both for individual sessions and for full four-week boot camp series, CLICK HERE.

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Three metrics your TTO probably doesn’t track but should


By David Schwartz
Published: August 20th, 2014

According to Laura Schoppe, founder and president of Fuentek, LLC, university tech transfer offices should be measuring several areas that most have only scratched the surface of. Yet she contends that these metrics are of greater importance than the common focus on start-ups. Specifically, Schoppe points to three major metrics TTOs should focus on that “will have a much bigger impact on the local economy than most start-ups because they lead to hiring more staff that are high-salary jobs.” continue reading »

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TTOs slash patent costs, boost efficiency with internal patent attorney groups


By David Schwartz
Published: August 20th, 2014

In anticipation of several years of declining financial support, top leadership at Atlanta, GA-based Emory University let it be known to all departments that they needed to put plans in place to operate with less funding. This was back in fiscal year 2010, and the directive challenged the Office of Research Administration (ORA) at Emory to devise scenarios involving cutbacks of 3%, 5%, and 10%, not knowing at that point what level of austerity was going to be necessary, explains Todd Sherer, associate vice president, research administration, and executive director of the Office of Technology Transfer (OTT). continue reading »

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U of Montreal researchers develop digital sketchpad for making 3D designs


By David Schwartz
Published: August 20th, 2014

Researchers at the University of Montreal have invented a digital sketchpad for creating 3D designs. Known as Hyve-3D, the technology is a full-scale, immersive 3D environment where users create designs on hand-held tablets. For example, a person can create the outside of a car, then actually explore the interior to design it. continue reading »

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U of Queensland to launch $10M fund for early-stage tech start-ups


By David Schwartz
Published: August 20th, 2014

The University of Queensland in Australia is launching a $10 million fund later this year to support early-stage tech start-ups. The fund is a collaborative effort between the ilab incubator, which is a division of the university’s tech transfer arm UniQuest, and Artesian Capital Management. ilab will select and guide the start-ups through its accelerator programs, facilities and mentorships, while Artesian will manage the available funds. continue reading »

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Penn student start-up offers online tools to make grant writing easier


By Jason Norris
Published: August 20th, 2014

A team of undergraduates at the University of Pennsylvania have launched a company that aims to turn the complex ordeal of applying for research grants into a simpler, more streamlined process. Founded by students Grace Truong, John Lu and Nick Liu, Grant Fellow LLC offers a website with an online aggregator, search engine and task manager to simplify the grant-writing process for both universities and nonprofits. The start-up reached out to researchers and grant writers at Penn and other universities to identify the major road blocks in the grant writing process. continue reading »

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Royalty Rates for Pharmaceuticals and Biotechnology, 8th Edition


By David Schwartz
Published: August 20th, 2014

Royalty Rates for Pharmaceuticals & Biotechnology, 8th Edition features more real-deal royalty rates, license fees, and milestone payment benchmarks than any other publication. The 8th Edition contains hundreds of royalty rates and other financial compensation benchmarks that can be used to optimize the pricing of biotechnology and pharmaceutical innovations.

You’ll find updated and expanded information from past editions as well as a 30% expansion in the number of reported license agreements. In addition, Royalty Rates for Pharmaceuticals & Biotechnology goes well beyond the rates to provide context for each deal analyzed. For a detailed table of contents and sample pages, or to order, CLICK HERE >>

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Start-up from Northern Ireland spreads west to build its novel approach to online advertising


By David Schwartz
Published: August 20th, 2014

A start-up from the University of Ulster in Ireland is focused on providing technology that allows companies to advertise effectively online without using tactics that irritate potential customers. continue reading »

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New UC Davis grant program funds four researchers with $50,000 to turn innovations into products


By David Schwartz
Published: August 20th, 2014

A new grant program at the University of California-Davis has delivered $50,000 to four of its researchers, who’ll use the funds to turn their technologies into viable products. continue reading »

The Mind the Gap Report is chock-full of must-have strategies to help universities build, expand, or partner with gap funding programs . Click here for details >>

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Singapore start-up to market a 3D printer almost anyone can use


By David Schwartz
Published: August 20th, 2014

A start-up from Nanyang Technological University (NTU) in Singapore has created a 3D printer than can also scan items into virtual models. continue reading »

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Johns Hopkins partners with Google to boost university tech transfer


By David Schwartz
Published: August 20th, 2014

Johns Hopkins University (JHU) and Google have partnered to boost the commercialization of technologies developed at JHU’s Whiting School of Engineering. Google will have access to the school’s faculty and students and the innovations they create. If Google decides an invention is viable for the market, it can invest money to help Hopkins researchers turn their innovations into something Google can use. continue reading »

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