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DewDiligence

01/31/07 9:00 AM

#2594 RE: keitern #2593

If a drug derived from the milk of transgenic animals is commercialized, GTC will presumably seek to license its “milk” patent for an up-front fee and/or a royalty on sales. The terms will have to be negotiated.

Research and clinical-trial use of a drug candidate is exempt from U.S. patent infringement, so there isn’t much for the parties to talk about until such a drug is commercialized or on the verge of being commercialized. Regards, Dew