Using ADLT™ to Facilitate Therapeutic Drug Development-Tech Transfer Office Perspective
According to the United States Patent Office, the top 250 Universities spent $62 million on R&D and filed over 4,000 patents in 2011. These patents and the subsequent licenses generate revenue that can be reinvested in further research, improving infrastructure, and the student experience. In 2014, the World Intellectual Property Organization stated that 2.7M patents were filled across the globe.
The challenge that Tech Transfer Offices, whether University or Corporate based, face is the lack of a single platform that provides a secure immutable record of transactions and discussions, can facilitate royalty payments, and…