The University of Alabama System is suing a former University of Alabama in Huntsville professor who founded a successful biotechnology business that ultimately sold for $197 million. The federal suit against Milton Harris and Nektar Therapeutics claims that the valuable patents are university property, and alleges infringement and breach of contract, among related claims. It does not seek a specific dollar amount but asks for "equitable compensation."
February 08, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A former University of Alabama in Huntsville professor who founded a successful biotechnology business — which sold for $197 million — is being sued by the University of Alabama System on claims that his valuable patents are university property.
The suit filed in federal court against Milton Harris and Nektar Therapeutics alleges patent infringement and breach of contract, among related claims. It does not seek a specific dollar amount but asks for “equitable compensation.”
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