Word: hoechst
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Dates: during 1980-1989
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...University made headlines last fall with a proposal for joining one of its faculty members in sponsoring a commercial genetic research concern, Harvard has become closely associated with the scramble to squeeze profits from exotic biomedical innovations. The two most recent agreements with Du Pont and the German company, Hoechst-Roussel, differ vastly from the failed attempt to set up a business with Mark S. Ptashne, professor of Biochemistry and Molecular Biology. But all three cases have contributed to a nation-wide reevaluation of academic-commercial links and a hurried attempt by members of Congress and the administration to catch...
...Hoechst A.G. of Frankfurt, an international chemical firm, is giving MGH the money over the next ten years so that the hospital can establish a new department of molecular biology and support basic research in that field. In exchange for the grant, Hoechst will have the right to profit from the research results before other companies gain access to the findings and to obtain exclusive licenses to develop to develop commercial products using the research results. MGH, however, will own any patents developed under the agreement...
...compromised by the agreement. MGH officials arranged for safeguards, including a guarantee that investigators in the new molecular biology department be able to choose their own research projects and that they have freedom to control the time and place for announcing their findings to the public, without interference from Hoechst. "Research will be sponsored, but not directed by the company," Dr. Charles A. Sanders, director of MGH. assured...