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Gene screen patent leads to 'Deal of Distinction'
Date:10/29/2007

f Chicago. Through the licensing agreement, Mayo Clinic's reference laboratory, Mayo Medical Laboratories, made the test available to patients nationwide.

The Deal of Distinction Awards recognize transactions involving the licensing and transfer of intellectual property and creative and innovative solutions to business issues in contracts announced over the previous year. Awards are presented in five industry categories, including consumer products; chemicals, energy and materials; healthcare; and high technology.

"While a 2005 deal, the LES Deal of Distinction Award Committee supported this nomination given the element it felt was most distinctive, the promise by Mayo to broadly sublicense the intellectual property, was not completely fulfilled until 2006, when Mayo signed the first of several deals with several third parties," said the award citation. Revenue from Mayo Laboratories' testing and technology licensing supports medical education and research at Mayo Clinic.


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Contact: Steve Koppes
skoppes@uchicago.edu
773-702-8366
University of Chicago
Source:Eurekalert

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