[Ip-health] Nonprofits Request Royalties From Drug Makers

Joana Ramos jdr at ramoslink.info
Mon Jul 25 06:39:58 PDT 2011


http://foundationcenter.org/pnd/news/story.jhtml?id=346500022
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......

Original article:

Ledford, Heidi. "Charities Seek Cut of Drug Royalties." Nature.com 7/20/11.
http://www.nature.com/news/2011/110720/full/475275a.html



--------------
Joana Ramos, MSW
Independent Health Policy Consultant
Portuguese Medical Interpreter
Seattle WA USA
+1-206-229-2420
http://ramoslink.info/
http://bmtbasics.org/
http://healthwatched.org



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