Technology transfer from universities and other non-profit research institutions to private sector firms is core to the modern biopharma industry, but before the enactment of the Bayh-Dole Act in 1980, explained former Senate staffer Joe Allen, US companies had little interest in trying to build upon government-sponsored institutional research because of rules that hindered such efforts.
Prior to the COVID-19 pandemic, across all industries three new companies and two new commercial products were being launched daily...
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