Nektar Therapeutics

In the 1990s former University of Alabama (UAH) chemistry Professor Milton Harris formed a company based on research that took place at UAH and sold it to Nektar Therapeutics (formerly Inhale Therapeutic Systems, Inc.) in 2001 for $164 million. In July 2005 a federal lawsuit alleged that the University of Alabama in Huntsville was improperly compensated for research that was performed at the school and commercialized by the former professor. The UAH agreed to settle for $25 million from the drug company to settle a patent dispute. (Jul-08-06) [BIRMINGHAM NEWS]

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