Thursday, September 23, 2004

More Universities See the Light: Wake Forest University reported a 77 percent increase in its licensing revenue for its 2004 fiscal year, largely because of interest in a medical device that can heal wounds faster than traditional methods, Michael Batalia, the acting director for the Office of Technology Asset Management, said yesterday.

Wake Forest reported about $34.3 million in licensing revenue for its fiscal year ending June 30, nearly double the $19 million it reported during its 2003 fiscal year.

Most of the revenue was generated by patents from Wake Forest University Health Sciences, particularly the university's Vacuum Assisted Closure wound-therapy device.

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