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Thursday, February 22, 2007

Israel And Scientist To Share AIDS Drug Revenues

It looks like the state of Israel and a scientists looking to help fund research to fight AIDS, have reached an agreement on how to distribute the profits of this new drug.

(Globes Online) Accountant General Dr. Yaron Zalika has reached an agreement with former Israeli State Veterinary Services and Animal Health director Prof. Zeev Treinin to develop and patent an AIDS drug. In exchange, the state will receive royalties from profits from the drug, if any. Treinin reached the agreement because he discovered the drug’s basic ingredient when he was a civil servant, which means that the state owns the intellectual property.

I did not see any more information on Globes regarding how useful this new drug is, but that may be because a patent has not been secured for the drug. Hopefully this doctor receives the necessary funds to complete his research as AIDS is one of the less friendly diseases roaming around on our planet.

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