Dutch paints and coatings maker Akzo Nobel said on Monday it had given up its effort to buy Finnish peer Tikkurila, four days after U.S. rival PPG Industries had topped its bid.
The Law That Catalyzed Nobel Prize-Winning Research At UC Berkeley By Carol Mimura
KEY POINTS
The Bayh-Dole Act induces private sector investment into R&D projects that commercialize university research
Congress passed the Bayh-Dole Act in 1980 to grant ownership of patents covering inventions its researchers discover using federal funds.
In 2019 alone, America s largest biopharmaceutical companies invested $83 billion roughly double the NIH s entire budget into developing breakthrough medicines. Private investors poured billions more into small startups.
U.C. Berkeley biochemist Dr. Jennifer Doudna and her collaborator, Emmanuel Charpentier, recently won a Nobel Prize for their work on CRISPR, the revolutionary gene-editing technology that could help eradicate genetic disorders, create fossil fuel alternatives, improve crops, and improve the health of livestock.
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