A Roswell Park Cancer Institute technology that already has shown promise in hunting down and killing cancer cells with minimal damage to surrounding tissue has been licensed to a Chinese pharmaceutical giant for a$1 million initial payment and a share of what could be a very lucrative market for the process in China.
Prada Replica Handbags The Buffalo institution hopes the deal not only will bring significant income but also accelerate the expensive and complicated process of experimentation and clinical trials necessary to have its "photodynamic therapy" technology licensed in both countries.
It also could be a way for Chinese enterprises -- previously scorned for undermining American business with cheap labor, lax environmental standards and piracy of intellectual property -- to boost U.S. businesses as they achieve scientific breakthroughs.
Last year, the same company -- Zhejiang Hisun Pharmaceutical Co. Ltd., based in the southeastern coastal city of Tiazhou Zhejiang -- entered into a similar agreement to develop another therapy for use in fighting cancer being developed by the Buffalo-based Cleveland BioLabs. That deal involved the joint development of Cleveland BioLabs medicines designed to protect the body from the effects of chemotherapy.
"Technology transfer is crucial to decreasing cancer mortality rates around the world," Dr. Donald L. Trump, president and chief executive officer of Roswell Park, said earlier this month in announcing the agreement.
According to those associated with the deals and some outside observers, such arrangements go a long way toward advancing new medical treatments at a time when corporations and venture capitalists in the United States and Europe are less eager to finance anything as risky as a new drug.
"Even before credit was tight, there was a reluctance to invest in new technology that needs more development," said Richard Matner, director of Roswell Park's Technology Transfer Office.
China, Matner said, has $2 trillion in the bank, less aversion to risk, a mandate from top government leaders to forge ahead in medical research and a large population that includes a high percentage of people who smoke and, therefore, are more vulnerable to cancer.
He also said that concerns that China is a haven for pirates who illegally copy such things as DVDs of Hollywood movies and Silicon Valley software is much less of a concern in dealing with the much more complicated field of medical research.
John M. Thomas, a professor at the University at Buffalo School of Management, created a joint executive master of business administration program operated in conjunction with Renmin University in Beijing. He and a group of MBA students returned only last week from a visit to China.
Thomas agreed that the risk of Roswell Park seeing its hard- earned knowledge turn up on the black market as a result of dealings with China was extremely small. The technology involved is so specialized that any knock-off copies, if they could be developed at all, would carry telltale fingerprints of their origins.
Chinese corporations and scientists understand, Thomas said, that they must protect their reputation as good partners, as well as leaders who respect human rights and replica rolex modern labor and environmental standards, if they wish to continue doing business with the West.
"Their scientists are going to be working very closely with their Chinese counterparts," Thomas said of the Roswell Pa
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