[Ip-health] Nonprofits Request Royalties From Drug Makers
jdr at ramoslink.info
Mon Jul 25 06:39:58 PDT 2011
Philanthropy News Digest
July 25, 2011
> Citing their intellectual-property rights, a number of charities that
> support drug development have been angling for a share of royalties
> from the sales of new treatments, Nature.com reports.
> In recent years, many so-called "venture philanthropies" --- including
> the Cystic Fibrosis Foundation, the ALS Association, and the Muscular
> Dystrophy Association --- have invested in and in some cases managed
> early-stage high-risk medical research projects, hoping to reap a
> financial return when and if the research is commercialized. According
> to attorney Ken Schaner, the payout in such situations can be as much
> as $1 billion......
Ledford, Heidi. "Charities Seek Cut of Drug Royalties." Nature.com 7/20/11.
Joana Ramos, MSW
Independent Health Policy Consultant
Portuguese Medical Interpreter
Seattle WA USA
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