University of Washington tech-transfer program putting discoveries to work

Aaron Coe was enthusiastic about using potential drugs licensed from the University of Washington to start his Seattle company, Promentix — right up until he was handed a 68-page legal agreement.

"It wasn’t the paradigm of efficiency," said Coe, who began the licensing process in mid-2003. "At the end of the day, if I wasn’t intent on doing the deal as I was, I would have cut bait way before that."

Only a year later, Alexander Lebedev found the process much less bureaucratic when he negotiated a license to use UW ultrasound technology.

By Kirsten Orsini-Meinhard

Seattle Times business reporter

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2003723661_techtransfer27.html