Previous | Next

UC Irvine

Campus Notes:

  UCI assumed responsibility for marketing and licensing many of its active inventions in FY95. OTT continues to provide administrative support for these inventions and to fully manage the remainder of the UCI portfolio. The data presented here represent activity for the entire UCI invention portfolio. They include OTT operating expenses but exclude expenses of UCIís Office of University/ Industry Research and Technology.

  Most UCI income is generated by one-time issue fees or milestone payments rather than by ongoing royalty streams. In FY95 and FY96, one agreement generated minimum royalties of $150,000, but has now been terminated. Another generated a $100,000 issue fee in FY95 and a $50,000 minimum royalty payment in FY96.

  The disclosure rate and the number of new patent filings remained stable in FY96. The number of secondary filings decreased, reflecting the fact that FY95 filings were unusually high due to patent law changes related to GATT.

  The decrease in legal expenses from FY95- FY96 was primarily due to a $63,000 reduction in net patent prosecution expenses. Legal defense expenses in FY96 consisted entirely of ongoing costs of two legal actions involving the company Genprobe. These litigation expenses are being reimbursed by the licensee.

  The $82,000 increase in inventor share payments from FY95 to FY96 resulted from a $204,000 increase in income from FY94 to FY95. OTT operating expenses grew by 9% ($21,000) due to increased OTT support for the Irvine invention portfolio. A combination of all the above factors gave rise to a 30% ($48,000) increase in UCIís net loss. Such losses are likely to continue until licensed inventions begin to generate steady streams of income.

PORTFOLIO ACTIVITY



INVENTION
Inventions Reported
Total Active Cases

PATENT ACTIVITY
US Patent Applications Filed
   First Filings
   Secondary Filings
      Total

US Patents Issued
Total Active US Patents at FYE

LICENSING
Secrecy Agreements Issued
Letter/Option Agreements Issued
License Agreements Issued
Total Active Licenses at FYE

FY95

54
175



15
20
35

8
43


119
8
3
13
FY96

53
198



17
  7
24

9
49


93
8
1
12
FINANCIAL ACTIVITY
(Thousands)
FY95 FY96
Adjusted Gross Income
Less: Expenses/Distributions
   Net Legal Expenses
   Inventor Shares
   State Share
   Operating Expenses
Campus Net Income

Inventions Earning Income
# of Inventors Paid Shares

$ 345

184
74
22
  226
$(161)

17
31
$ 320

113
156
13
  247
$(209)

18
39

Previous | Next