After 27 Years, Ohio U.’s Start-Up Company Yields a Windfall

Diagnostics Hybrids Inc., a company founded in 1983 by Ohio University professors, its president at the time, and a graduate, and supported by the university for decades since then, is being sold for $130-million in cash. The university, whose 32-percent stake in the company is unusually large for a university spinoff, will receive about $41-million.

One thought on “After 27 Years, Ohio U.’s Start-Up Company Yields a Windfall”

11211250 on January 15, 2010 at 10:38 am said:

Good for Ohio University! It’s great to hear of a time when the university-industry partnership actually works to the benefit of people. The state can sure use some good news about startup companies. I just hope the jobs will stay here. Was the research originally federally funded, and if so, will Ohio University be using the money to support further research and technology transfer?