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Article: DISCOVERY TO MARKET
- Article from:
- US Fed News Service, Including US State News
- Article date:
- February 8, 2007
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Michigan State University issued the following press release:
MSU researchers made a serendipitous discovery in the 1960s that led to the widely used cancer drugs cisplatin and carboplatin. MSU acquired patents for the intellectual property and licensed the inventions to a pharmaceutical company that developed and marketed the products. MSU (and the inventors) got a healthy stream of royalty payments, the local economy got an important boost, and thousands of people lived longer, better lives because those medicines stopped the growth of their cancers.
Since then, many other research results have moved into the marketplace, bringing new jobs with them. Some examples:
Smart lasers promise ...