Friday, May 27, 2022 11:17:09 AM
Because many, if not most of the technologies developed at the NIH and FDA, are early stage biomedical technologies, the time and development risks to develop a commercial product are high. That is why they collaborate and enter into relationships like the Cooperative Research and Development Agreement they did with CUBT, which owns the worldwide licensing rights of the Metformin eye drop solution, which has huge potential in the multi Billion Dollar AMD treatment market.
It is highly unlikely the National Institute of Health and more specifically the National Eye Institute would have entered into this CRADA with CUBT if they did not see a potential revenue stream through future royalties.
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