July 21, 2006

U. of Alabama Has a Big Patent Payday

By STEPHEN BURD

The University of Alabama at Huntsville has reached a $25-million settlement of its patent-infringement lawsuit brought against a former professor and the company that benefited from the patents.

Milton Harris, the former chemistry professor, and Nektar Therapeutics, a biopharmaceutical firm based in San Carlos, Calif., are to pay the university a lump sum of $15-million. In addition, Nektar will pay the university $1-million a year for 10 years. The university says it will use the

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