New England School Of Radiologic Technology |
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TyRx Pharma, Inc., Announces the Signing of Exclusive License ... - PR Newswire (press release)
MONMOUTH JUNCTION, N.J., Jan. 30 /PRNewswire/ -- TyRx Pharma, Inc. today announced that it has entered into an exclusive license agreement with Baylor College of Medicine and The University of Texas M. D. Anderson Cancer Center. The License grants TyRx the use of three product patents and associated technologies developed and jointly owned by the two institutions in order to develop innovative Cardiovascular and Surgical medical devices. In combination with its own patent protected tyrosine-derived polyarylate polymers, TyRx expects to leverage the Baylor and M. D. Anderson intellectual property assets to market a new series of antimicrobial coated medical implants designed to address the problem of post-surgical nosocomial infection. According to the New England Journal of Medicine, approximately one million cases of nosocomial infection that occur each year in the United States are associated with medical implants (N Engl J Med 2004;350:1422-9). The law firm of Brown Rudnick Berlack Israels LLP represented TyRx Pharma in the transaction. Specific terms of the agreement were not disclosed.