Many tech transfer organizations find that getting a license deal inked is a time-consuming process – too time-consuming. One possible solution to this recurring problem is to develop a standard agreement for licenses. Standardizing license agreements …

On October 29, 2003, Roche Diagnostics Corporation of Indianapolis, Ind. and Theron, Inc. of Carmel, Ind. signed an agreement that Theron would acquire licensing rights to Roche’s biosensor technology platform. With this technology, Theron will establish a new company to develop and sell products in the environmental and food safety testing markets. The events that led to the deal began the previous February, when Dr. Jörg Schreiber, Vice President of Special Products for Roche Diagnostics, approached Fuentek for assistance in determining the feasibility of out-licensing Roche’s flagship biosensor technology.