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"Many, many years ago one of my English TA officemates noticed that a student wrote 'writhing' instead of 'writing.' We spent the rest of the afternoon inserting 'writhing' into textbook titles ('Writhing with a Purpose') and other phrases like 'technical writhing.' My favorite: 'writhing across the curriculum.'” --peg
Herding the 'Escape Goats': Contest Sends Up Epidemic of Student Howlers
North Carolina A&T State Earns NSF Grant for Engineering Research
The award marks the first time that a lead institution in this program is a historically black university or college.
College of William and Mary Hires Interim Chief as President
W. Taylor Reveley III was previously dean of William and Mary’s law school.
Cuomo Reported to Be Planning New Student-Loan Lawsuit and Agreements
After a long silence, New York’s attorney general is preparing a lawsuit against one student-loan company and is nearing agreements with about a dozen others.
Southern Cal Deletes Muslim Scripture From Web Site Following Complaint
The scripture, from Islamic texts knowns as hadiths, had appeared on the Web site of a Muslim-student group on the campus.
Palin Attended 4 Colleges in 5 Years to Earn Diploma
The Republican vice-presidential pick, Sarah Palin, attended four different colleges over five academic years before earning her bachelor’s degree.
Palin Attended 4 Colleges in 5 Years to Earn Diploma | 185
Professor Suspects UCLA Is Illegally Using Race in Admissions Decisions | 40
Cutthroat Competition for Textbook Sales Pits UMass Faculty Members Against Bookstore | 37
Southern Cal Deletes Muslim Scripture From Web Site Following Complaint | 31
British Publisher Will Release Controversial Novel About Muhammad's Bride | 17
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July 12, 2007
U. of Michigan Sells Patent Royalties From FluMist for as Much as $35-Million
The University of Michigan at Ann Arbor has made a deal to trade future royalties on one of its most important inventions — the technology used in the nasal-spray vaccine FluMist — for payments that could reach $35-million.
Under arrangements in the deal, announced this week, a Toronto company called Drug Royalty Inc. will pay Michigan the money, and then that company, rather than the university, will receive future royalty payments from the company that sells FluMist. The patent expires in about 10 years, university officials said. If sales of the drug are especially good, the university could make more than $35-million.
FluMist has been on the market since its maker, MedImmune Inc. of Gaithersburg, Md., won approval for it, in 2003. MedImmune was recently acquired by Astra Zeneca.
About one-third of the money will go to the inventors; the rest will go to the university, which plans to earmark most of the funds to the school of public health, where vaccine research continues to be a priority.
According to The Ann Arbor News, FluMist has been a financial success for the university, bringing in more than $1-million in royalties and an additional $18-milllion windfall when the university cashed in its stock in a company that was the original licensee of the invention. That company was acquired by MedImmune.
Upfront purchases of universities’ patent royalties are becoming increasingly common. In May, New York University executed what is believed to be the biggest such deal with another company. It sold a portion of its rights to patents underlying the drug Remicade, which is used to fight rheumatoid arthritis and several other autoimmune diseases, for $650-million. —Goldie Blumenstyk
Posted on Thursday July 12, 2007 | Permalink |
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