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Johns Hopkins licensing revenue spikes in fiscal 2016

Johns Hopkins licensing revenue spikes in fiscal 2016

The Johns Hopkins University earned $58 million in licensing revenue in its 2016 fiscal year, three times more than in the prior year.

Johns Hopkins Technology Ventures, the university's commercialization office, attributed the spike in part to a major sublicensing deal between one of its portfolio companies, Immunomic Therapeutics, and Japanese pharmaceutical company Astellas Pharma.

Changes to the way the commercialization office structures licensing deals to increase up-front payment also contributed, said Neil Veloso, the executive director of technology transfer at Johns Hopkins Technology Ventures.

Licensing revenue of nearly $60 million isn't sustainable for...

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