Vanderbilt's Earnings from Tech on Rise

By: Associated Press
By: Associated Press

NASHVILLE, Tenn. (AP) — Vanderbilt University officials say earnings from technology commercialization has more than quadrupled in the past three years, bringing in more than $24.5 million in the 2013 fiscal year.

The Tennessean reported that the earnings growth reflects the university's renewed focus on turning research into commercialized products.

The school has reached licensing agreements in the past year with Bristol-Myers Squibb to develop new drugs for Parkinson's disease and AstraZeneca to develop drugs for schizophrenia and Alzheimer's disease. The university also partnered with Parker Hannifin Corp. to commercialize a lightweight, mechanical exoskeleton technology.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


WBKO.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, no links, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
WBKO 2727 Russellville Road Bowling Green, KY 42101-3976 Phone: 270-781-1313 After Hours Hotline: 270-781-6397 Fax: 270-781-1814
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 227808981 - wbko.com/a?a=227808981
Gray Television, Inc.