Word: stockely
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...three sought to commercialize their discoveries through startup companies, but since the cash-strapped startups would compensate them in stock, they would not be able to continue research on their discoveries under the companies’ sponsorship. Thrall and other observers say those restrictions make it harder for academics and biotech firms to collaborate on potentially lifesaving treatments...
...policy prohibiting faculty from owning stock in companies that fund their research is just one of Harvard Medical School’s many conflict-of-interest restrictions. Medical School affiliates also cannot hold most kinds of management positions at for-profit biomedical firms—even if their own research is not linked to the businesses...
...startups “usually don’t have much cash to start with,” Carthy says. So they often pay the researchers—and Harvard—in stock...
...Boston Globe reported that a doctor at the Harvard-affiliated Massachusetts Eye and Ear Infirmary allegedly altered the course of his trials on an experimental eye ointment while he owned stock in the company that was set to manufacture the prospective drug...
...doctor’s family earned several hundred thousand dollars through stock sales and other financial rewards from the company, according to the Globe report...