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USF Sues Silicon Valley Drug Maker Over Alz Research Patent Payment

Tampa Bay Business Journal July 8, 2015

The University of South Florida board of trustees has accused a California drug developer in federal court of breaching a settlement agreement over Alzheimer’s research. USF representatives say CoMentis Inc. of South San Francisco refuses to pay $450,000 promised in a 2012 settlement over patented technology, according to documents filed in U.S. District Court for the Middle District of Florida in Tampa on June 30.

Although a relatively small amount of money is involved, a larger issue is at stake, according to an intellectual property attorney not connected with the case. Public research universities want to make sure discoveries are put to use for the public good, said Todd Timmerman, a partner and intellectual property practice co-administrator at law firm Shumaker, Loop & Kendrick.

 

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