Monday, March 5, 2007
Some entrepreneurial professors at the University of Kansas not only teach classes and work in laboratories; they also sell the products of their research.
James Baxendale, director of technology transfer and intellectual property, said University researchers constantly produced and marketed products, from educational videos to new cancer drugs.
Valentino Stella, professor of pharmaceutical chemistry, said he had invented and co-invented several pharmaceutical products that led to the creation of three different companies. One of those companies is Lenexa-based CyDex Inc., which he founded in 1993.
CyDex uses Captisol, a molecule Stella invented at the University, which improves the solubility, effectiveness and safety of drugs. Captisol makes some drugs more effective in liquid form, allowing patients to better inhale, inject or ingest their medications.
Captisol is used in four drugs that are sold commercially, including one that helps stop vomiting in dogs, Stella said.
“I’m not just doing research,” Stella said. “But I seem to have a knack for finding products.”
Susan Gauch, professor of electrical engineering and computer science, founded the company Veatros in 2002 with her husband John, who is also a professor of electrical engineering and computer science. She said their company sold computer software that allowed broadcasters and television advertisers to know where, when and how many times targeted commercials were played around the world.
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Gauch said she and her husband ran Veatros out of the basement of their Lawrence home. Previous clients include Turner Broadcasting System Inc.
“It’s kind of like a commercial spotting system,” Gauch said.
She said their product assures advertisers that their commercials were being played and lets them know what their competitors were doing.
Gauch said she and her husband ran Veatros out of the basement of their Lawrence home. Previous clients include Turner Broadcasting System Inc.
Baxendale said successful companies based off University research yielded many benefits. He said they attracted faculty, revenue and notoriety to the University, created jobs for the community and ultimately helped people.
Kansan staff writer Nathan Gill can be contacted at ngill@kansan.com.
— Edited by Jyl Unruh
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