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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.455+3.2%3:02 PM EDT

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To: Lateott who wrote (25)7/20/2005 2:21:27 PM
From: donpat  Read Replies (2) of 12869
 
My thoughts on Theracour Pharma.

The US patent issued to "Inventors: Watterson; Arthur C. (Nashua, NH); Danprasert; Kunya (Bangkapi, TH); Diwan; Anil (West Haven, CT)"

I think that Theracour Pharma was set up to market that patent:
Message 21480742

Diwan is the only inventor now at NNVC. He is also a principle at Theracour Pharma:

"Anil and his partners have formed a new company, TheraCour Pharma, Inc., with private investor financing to commercialize these materials and also to develop new drugs based on them."
Message 21480615

It looks to me that this approach rewards all inventors for the invention by the royalties received and split however agreed upon, likely equally among the three - the three in Theracour, while the vehicle to commercialize the stuff is NNVC with but one inventor in the picture - Diwan - along with shareholders who will be rewarded as NNVC prospers. It could well have been the case that while Diwan was keen to get involved in the commercialization opportunities the other inventors were not, for whatever reasons - perhaps they preferred to stay wherever they are presently, like in the academic community, perhaps.

As I said - this is my take. The company could, and should, perhaps, clarify this question fully. Especially regarding any cancellation provisions of this perpetual licence by Theracour Pharma. As you said, once bitten, twice shy!!!
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