this post was submitted on 12 Feb 2025
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[–] [email protected] 92 points 1 week ago (2 children)

Through UCLA’s Technology Transfer Group, which transforms brilliant research into global market products, the scientists have co-founded a medical development company called Pelage Pharmaceuticals

In case you were curious how this publicly funded research is going to be turned into private profits.

[–] [email protected] 12 points 1 week ago (1 children)

I don't think UCLA is going to produce retail products themselves.

[–] [email protected] 43 points 1 week ago (1 children)

They could always make the research and processes public domain, so no one person can unilaterally profit.

But that's not what they did, and that's the problem.

[–] [email protected] 1 points 1 week ago

I think this is pretty standard procedure no? Lots of small companies are spin-outs from universities