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UNC completes first express license

Posted on April 15, 2010 by Staff

UNC and Synereca Pharmaceuticals, Inc. have completed the first Carolina Express License, a newly adopted license agreement to foster more new spin-out companies that result from academic research conducted on campus.

“We expect that Synereca is the first of many spin-out companies from Carolina research that will use the Carolina Express License,” said Cathy Innes, director of UNC’s Office of Technology Development. “The agreement minimized the time and expense required for a start-up to negotiate with the university, with time and expense being two scarce commodities in the start-up world.”

Innes said interested spin-out companies were prequalified, having to satisfy funding, business-strategy and management-experience thresholds.

Under the Carolina Express License, Synereca will license inventions resulting from research conducted by Associate Professor Scott F. Singleton from the UNC Eshelman School of Pharmacy. Singleton’s research addresses the growing problem of bacterial resistance to current antibiotics.

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