Word: patents
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...Supreme Court ruled that a human-made microorganism qualified as patentable matter. The same year, Congress passed the Patent and Trademark Amendment Act, allowing universities to receive patents directly, license patent rights and collect royalties on inventions from federally-funded research without seeking waivers from federal agencies...
...Wurtman says that since MIT did not patent the drug, no one else was allowed to do so, since only inventors can patent a product. A consequence of the lack of a patent, Wurtman says, was that no one could perform safety studies on the amino acid...
...fact that we didn't patent it makes us responsible," Wurtman says...
Wurtman says he therefore founded the company Interneuron in 1988 with MIT as a part-owner for the sole purpose of licensing drugs for which MIT owns the patent...
Jawak wore a strapless, shiny dress that was tight and colorful, yet not garishly bright. Completing his ensemble was a pair of patent leather pumps and a huge pendant earring...