March 17, 1993
Academic Research Goes Commercial
Universities can benefit from private arrangements, but some say basic science suffers
Tucson, Arizona -- Two years ago, Merrick L. Shively almost sold the rights to a research discovery for $15,000.
But the assistant professor of pharmaceuticals at the University of Colorado's Health Sciences Center held off on the sale, and now he and his institution stand to share in royalty payments from his invention that could add up to many millions of dollars over the next decade.
Mr. Shively cut the much more lucrative deal with Research Corporation Technologies, a