Word: yaleness
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...early 1990s, Yale researchers discovered a compound, d4T, that slows the progression of HIV. Yale licensed an exclusive patent for the drug to pharmaceutical giant Bristol-Myers Squibb, which then marketed it under the brand name Zerit...
...university earned about $30 million a year from Zerit, Yale’s president Richard C. Levin told the school’s alumni magazine this month. Yale later sold off its remaining rights to the discovery to a group of investors for “a lump sum in excess of $100 million,” Levin added...
...Yale, too, citing the terms of its negotiations with the pharmaceutical firm, would not budge. The university said the following March that it had done everything in its power to let Bristol-Myers make Zerit more accessible to South Africans...
...hardly selling any of these drugs in Africa because you’re charging ten dollars for a daily dosage, and the cost of production is way less. So why not cut the price to marginal cost?’” Levin told the Yale publication...
Finally in April 2001, after a public relations debacle for the university, Yale and Bristol-Myers Squibb reached an agreement to allow generic distribution of Zerit in the developing world...