Title

UCLA Sells Its Royalty Rights to Drug for $520 Million

March 7, 2016
 
 

The University of California at Los Angeles announced Friday that it has sold its royalty interest in a leading prostate cancer medication, Xtandi, for $520 million. The rights were co-owned by several entities and people, including UCLA and those who while researchers at UCLA did work that led to the drug's creation. UCLA plans to use the proceeds to support research programs, as well as undergraduate and graduate scholarships.

Be the first to know.
Get our free daily newsletter.

 

 
+ -

Expand commentsHide comments  —   Join the conversation!

Opinions on Inside Higher Ed

Inside Higher Ed’s Blog U

What Others Are Reading

  • Viewed
  • Past:
  • Day
  • Week
  • Month
  • Year
Back to Top