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How profits, research mix at Stanford
July 9, 2006 /
The proliferation of ties between medical companies and Stanford University School of Medicine has enriched the school and fattened the personal bank accounts of many of its prestigious faculty members.
Dozens of professors moonlight for medical firms or have founded companies based on their government-funded research.
In the 2004-05 academic year alone, $38 million in royalties poured into the university from medical school discoveries — roughly $10 million of which went directly to faculty researchers whose discoveries were patented.
By Paul Jacobs
Mercury News
Full Story: http://www.mercurynews.com/mld/mercurynews/living/education/15000000.htm
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Posted in: Universities and Economic Development
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