ILA 0.00% 18.0¢ island pharmaceuticals limited

Ann: Island Pharmaceuticals granted key U.S. patent for ISLA-101, page-29

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    Because Monash researchers made the discovery and in Australia if you are employed as a researcher your inventions are owned by your employer. ILA has licensed the patent from Monash. When you license a patent it is typical that the patent remains with the original owner and just the use rights are assigned to the licensee in return for upfront fees and royalties.
 
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