Word: biogen
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...Harvard underwent a series of wrenching crises to thrash out its policy toward industry. President Bok's plan to accept stock in a professor's biotech company was rejected by the Faculty, while University Professor Walter Gilbert had to resign his post in order to pursue his private business, Biogen. Out of this period came the detailed faculty research policy that still rules today...
...returning to Harvard as a lecturer the following year. Ten years later he was tenured after climbing from assistant and associate professorships. In 1980 Gilbert won the Nobel Prize for chemistry and in 1982 he resigned from Harvard so he could assume his full-time duties as head of Biogen, a biotechnology firm...
...left his Biogen post and returned to Harvard, whereupon his tenure was restored and upgraded this year to a University professorship. Earlier this year Gilbert also assumed the chairmanship of the Department of Cellular and Developmental Biology...
Under a long-standing Harvard rule that professors could only spend one day of the week on outside work, Gilbert had to resign his professorship to head the Cambridge-based Biogen. He says that nothing of the sort will happen with his new company...
...points in one day, to 36 3/4. By the end of last week the price stood at 37 3/4. A domino effect also knocked down the stocks of rival biotech firms, some of which are developing drugs similar to t-PA. Such futuristic- sounding companies as Amgen, Biogen, Centocor, Cetus and Chiron saw their shares drop anywhere from 7% to 11% before recovering some of those losses...