The Children’s Hospital of Philadelphia (CHOP) has established a commercialisation partnership with university venture capital consortium Osage University Partners (OUP).
CHOP, the US’ first paediatric hospital, receives more National Institutes of Health funding for paediatric research than any other children’s hospital, making it a prime partner for the early-stage academic investor.
OUP represents over 60 universities and research centres, including University of Pennsylvania, Johns Hopkins University, Carnegie-Mellon University, Drexel University and Duke University. It is backed by a $100m venture fund, used exclusively for academic spin-outs.
Philip Johnson, chief scientific officer at CHOP, said: “This partnership offers a mechanism to move our Hospital’s innovative research into the marketplace and better provide health benefits to children and families worldwide.”
