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University-Industry Engagement Advisor

MUSC tech transfer office taps outside company for commercialization help

By Jesse Schwartz
Published: February 13th, 2019

The Medical University of South Carolina (MUSC) tech transfer office is teaming up with biomedical tech company Cumberland Emerging Technologies (CET) to help the TTO assess and develop new biomedical innovations.

Under the collaboration agreement, CET will evaluate technologies presented by the MUSC Foundation for Research Development. CET will work with the foundation to license intellectual property rights to promising technologies. In addition, CET will partner with MUSC researchers to advance product development toward commercialization.

“Our office receives over 100 product ideas a year, most of which require an industry partner to be further developed,” says Michael Rusnak, executive director of the MUSC Foundation. “We are very enthusiastic about having Cumberland as a collaborator to aid in getting technologies to market and ultimately to the patient.”

A.J. Kazimi, CEO of CET, comments, “We are very pleased to have the opportunity to partner with the MUSC Foundation for Research Development to develop technologies invented at MUSC, a nationally recognized biomedical research institution. We are excited to facilitate the introduction of promising new products by combining our expertise in drug development and commercialization with the MUSC’s research initiatives.”

Source: PR Newswire

Posted under: Tech Transfer e-News

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