Sunday, August 2, 2009

When we do something twice in Aggieland, it becomes a tradition

In today's Houston Chronicle, Loren Steffy compares the NCTM to the earlier deal with Lexicon for TIGM
Brett Giroir, A&M's vice chancellor for research, said he alone chose Introgen.

“Rick Perry had nothing to do with my interacting with Introgen,” he said. “This was strictly a decision based on there's a company right here's who's a major player in that field.”

That's similar to the argument the A&M System used in 2005 to defend its now defunct partnership with Lexicon Pharmaceuticals of The Woodlands. Had that deal succeeded, it would have benefited Lexicon's shareholders, which included several prominent Perry campaign contributors.
The precedent is arguably older than Lexicon/TIGM. Some at A&M say the Institute for Biosciences and Technology was created to support the bovine embryo research of Granada Biosciences, which was owned by former Regent David Eller. But the IBT went in other directions, and Granada wound up going under and selling their patents to a rival. The ETF and TEF provide creative new funding mechanisms that weren't available to Granada.

1 comment:

  1. One hestitates to speculate in this August forum, but given the discussions about TIGM, this news may be pertinent. TIGM is co-recipient of a $3.2 million grant from the EPA. Details from the Health Science Center in the link below: