Word: millenniums
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...Millennium has positioned itself to be a leader in the protein homeostasis field,” Harper said in a phone interview. “They have unique resources that will really help us move forward in an in-depth level and trade off ideas and resources to propel the field forward...
Under the terms of the deal, Millennium will provide funding and resources for collaborative interaction between the two institutions. In return, the Medical School’s Office of Technology Development (OTD) granted Millennium a license to Harper’s laboratory, meaning that the pharmaceutical company will own intellectual property rights to any collaborative discoveries and will take the research towards the clinical-trial phase...
...Millennium will be putting up $1.5 million in funding over the three years, according to an individual familiar with the terms of the agreement...
...Millennium has a policy of not disclosing the terms of the agreement, and as a large stakeholder in this agreement, we would like to respect that,” Preminger said...
Because Harper is not involved with clinical trials, he does not have a financial interest in Millennium...