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Home > News > Northwestern fetches $700 million for drug

December 19th, 2007

Northwestern fetches $700 million for drug

Abstract:
NU sold the rights to Royalty Pharma, a New York-based firm with a history of buying royalty rights from research universities.

Northwestern has been using some of its Lyrica royalties bonanza to fund its drive to become the nation's top nanotechnology research center. The university has vowed to hire more scientific superstars in the coming year, relying on the prestige of its nanotech team and cash from royalty payments to attract more talent.

Source:
chicagotribune.com

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