Strategic Direction and Financial Damages Support - Major U.S. University
BACKGROUND
A biotechnology company, with a successful product, licensed the underlying technology from Upstream's client, a major U.S. research university.
Our Analysis
Upstream's collaboration with outside counsel determined that additional products marketed by the company had their roots in the university.
Upstream provided a detailed financial model, to support the university's claims for additional royalty revenues, based upon:
forecasted sales,
co-development revenues, and
anticipated sub-licenses.
Upstream advised the university throughout settlement negotiations and participated in discussions with the company.
Outcome
Ultimately, the company agreed to a substantial, multimillion-dollar settlement with the university.