Word: investers
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Dates: during 1980-1989
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Under the plan, which was formally established earlier this month, Harvard will solicit approximately $30 million from six to eight corporations and invest the money through a network of affiliated companies. The series of companies will give the University 10 percent of the profits, without Harvard having any control over what research is marketed. Harvard officials said all profits will be invested in further research...
Should clinicians be allowed to participate in the program, since much of the value of their research is derived from the unique illness of the patient? Should pharmeceutical companies be allowed to invest in the plan, since they already have ties to researchers and could use their influence to get a preview of the latest research? Will Harvard's share of the profit be divided equally among research units or go to the most lucrative departments within the Medical School...
Martin said, however, that it would be harder to find investors for a similar FAS program because Med School research has more attractive commercial applications than the often theoretical scientific research done at the graduate and post-graduate level. "If people invest, you want to promise them a volume of discoveries per year...
...proposal called Harvard to invest in a company being started by a Medical School professor, while the new program does not include Harvard's money. And Harvard's profits from the new program will be earmarked for basic research, Bok said...
...project made public last week, Harvard plans to solicit approximately $30 million worth of investments from outside corporations for a limited partnership called Medical Science Partners. This company will then invest in the process of making laboratory discoveries into marketable products...