BioCentury
ARTICLE | Strategy

One gap, two approaches

March 15, 2012 7:00 AM UTC

Whereas most academic institutes tackle the translational gap by pushing their assets further along in hopes of attracting an industry partner, Cleveland-based University Hospitals is taking the opposite approach by forming a company that will in-license projects. University Hospitals has received a $50 million gift from the Harrington family and plans to use the money to form the to-be-named company as well as an institute that will act as a feeder for the company by funding projects of physician scientists across the country.

"We're trying to find a way to support the cadre of physician scientists in academic medicine. These individuals are the most capable of taking scientific inquiry into the clinical realm," said Jonathan Stamler, director of the newly formed University Hospitals Harrington Discovery Institute...