WASHINGTON, Sept. 20 /PRNewswire/ -- The Milken Institute study
released today entitled "Mind-to-Market: A Global Analysis of University
Biotechnology Technology Transfer and Commercialization" reaffirms the
critical role of technology transfer in the development of the
biotechnology industry worldwide, said Biotechnology Industry Organization
(BIO) President and CEO Jim Greenwood. The study also underscores the
significant role of university research in biotechnology product
development as well as the role of those universities in growing the
biotechnology industry.
"While universities in the United States have clearly set the standard
in commercializing research, this report indicates that other countries,
particularly in Europe and Asia, have recognized the role of universities
in spurring the biotechnology industry," Greenwood stated. "In order for
the U.S. to maintain its leadership and to encourage the transfer of
innovative research to the private sector, and ultimately to patients and
other consumers, we must ensure strong intellectual property protection and
robust funding for universities and their technology transfer offices."
"A key ingredient for biotech clusters throughout the country is strong
research universities, as demonstrated in Boston, MA and San Francisco, CA.
As Amgen and Genentech began as start-up firms commercializing technology
discovered by university research, so will future generations of the
biotechnology industry," Greenwood continued. "Universities will be key
partners in efforts in all fifty states to attract and stimulate a local
biotechnology industry."
"BIO remains committed to advancing technology transfer and exploring
other ways the private sector can bring needed biotechnology products to
market more quickly and efficiently," stated Greenwood.
The study is available on the Milken Institute's website at
http://www.milkeninstitute.org/publications/publications.taf?function=detai
l&I D=576&cat=ResRep .
BIO represents more than 1,100 biotechnology companies, academic
institutions, state biotechnology centers and related organizations across
the United States and 31 other nations. BIO members are involved in the
research and development of healthcare, agricultural, industrial and
environmental biotechnology products. http://www.bio.org
SOURCE Biotechnology Industry Organization
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Related links:
http://www.bio.org/
CONTACT:
Stephanie Fischer of Biotechnology Industry
Organization, +1-202-312-9263
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