Home | Business News | Browse by Publication | S | San Diego Business Journal

Biotech firms to share profits with taxpayers in pact with state.

Publication: San Diego Business Journal
Publication Date: 27-NOV-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Biotech firms to share profits with taxpayers in pact with state.(SMALL BUSINESS)

Article Excerpt
Stem cell companies that accept grants from a state-funded stem cell institute would share profits with taxpayers if the agency follows the recommendation of one of its committees.

The San Francisco-based California Institute for Regenerative Medicine's intellectual property committee, which met in San Diego recently, has recommended that for-profit groups that ultimately bring a product to market through the use of grants from the institute should pay back the grant at three times the amount of the original grant.

In the event that the drug or product becomes a "blockbuster" seller, or brings in more than...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from San Diego Business Journal
New library: a resource for those without resources: concept of book r..., November 27, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.