According to the terms of the agreement, Roche has selected six promising research projects in the fields of stem cells, biomarkers, and novel molecules for the treatment of metabolic diseases, initiated by Hebrew University researchers.
JERUSALEM--(BUSINESS WIRE)--Yissum Research Development Company of the Hebrew University of Jerusalem Ltd., the technology transfer arm of the University, today announced that it has signed a long-term multi-project research and license collaboration agreement with Roche (SIX: RO, ROG; OTCQX: RHHBY).
According to the terms of the agreement, Roche has selected six promising research projects in the fields of stem cells, biomarkers, and novel molecules for the treatment of metabolic diseases, initiated by Hebrew University researchers. The expected duration of each collaborative research project is 1-3 years. Following successful completion of the different research plans, Roche shall have exclusive license to commercialize the results in consideration for the payment of transfer fees, milestone payments and royalties.
The chosen projects are:
"Yissum is proud of this extensive collaboration with Roche and believes that this alliance will advance research at the Hebrew University, and yield innovative products and new medical approaches that will provide benefits for patients suffering from several diseases," said Yaacov Michlin, CEO of Yissum. Dr. Giora Yaron, Yissum Chairman, added “Close collaboration between multinationals and the academy is the way into the future. The scientific complexity of diseases requires the collaboration of the best minds in the industry and the academy. We see this agreement as a major step in this direction.”
About Yissum
Yissum Research Development Company of the Hebrew University of Jerusalem Ltd. was founded in 1964 to protect and commercialize the Hebrew University’s intellectual property. Products based on Hebrew University technologies that have been commercialized by Yissum currently generate $1.2 Billion in annual sales. Ranked among the top technology transfer companies in the world, Yissum has registered over 6,100 patents covering 1,750 inventions; has licensed out 480 technologies and has spun-off 65 companies. Yissum’s business partners span the globe and include companies such as Novartis, Johnson & Johnson, Merck, Teva, Intel, IBM, Phillips, Sygenta, Vilmorin, Monsanto and many more. For further information please visit www.yissum.co.il.
