Patents
Start Licensing Grants License Rights to GTC Biotherapeutics
Published in Medical Patent Week, April 29th, 2007
Start Licensing, Inc. ("Start") announced that it has granted GTC Biotherapeutics, Inc. (NASDAQ:GTCB) a non-exclusive license to Roslin Institute patents and patent applications. These applications include the foundational somatic cell nuclear transfer cloning technology developed at the Roslin Institute for cloning Dolly the sheep. The license agreement allows GTC use of nuclear transfer cloning techniques to generate transgenic animals that produce therapeutic proteins in their milk.
In exchange for the license rights, GTC paid a combined upfront fee of $500,000 in cash and stock, including $200,000 in cash to Start and $300,000 in shares of GTC stock split equally...
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Source: Medical Patent Week (2007-04-29)
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