A new study released today by the Biotechnology Industry Organization, a biotechnology-industry trade group known as BIO, estimates that licensing deals for university-developed inventions contributed $47-billion to $182-billion cumulatively to the U.S. gross domestic product from 1996 through 2007. In a separate survey by BIO of 150 biotechnology companies, also released today, a majority said they depended heavily on licenses with universities, particularly because those institutions are less restrictive than federal agencies in their willingness to grant exclusive licenses.
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