Venture Capital Violates Academic Virginity

  • by: |
  • 04/18/2008
Robert Goldberg

According to the conflict of interest kapos, academics should have no industry money since it is corrupting. Imagine what venture capital which showers profs with options and seeks 50 percent returns will do!!

According to FasterCures...it leads to robust commercialization of of important new technologies...

"Partnerships between venture capitalists and inventors from academia may be an effective way to commercialize drug and medical-device research. This approach is exemplified by the success of Polaris Venture Partners, whose collaboration with Robert Langer, an expert affiliated with the Massachusetts Institute of Technology, has produced 13 companies over the past 15 years."
Money supporting important medical ideas. As in the Cystic Fibrosis Foundation and VC firms funding academics to find cures for CF who themselves might profit from the companies they set up. Sickening...to the conflict of interest connect the dot capos at http://pharmalot.com, http://healthcarerenewal.com, etc., etc.

Posted by Robert Goldberg on April 15, 2008 1:10 PM
CMPI

Center for Medicine in the Public Interest is a nonprofit, non-partisan organization promoting innovative solutions that advance medical progress, reduce health disparities, extend life and make health care more affordable, preventive and patient-centered. CMPI also provides the public, policymakers and the media a reliable source of independent scientific analysis on issues ranging from personalized medicine, food and drug safety, health care reform and comparative effectiveness.

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