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FRD carries science from lab to
consumers
by
Heather Woolwine
Public
Relations
Chip Hood understands that a challenge lies before him. As the new
executive director for the MUSC Foundation for Research Development
(FRD), Hood’s experience as a patent and licensing lawyer and his
enthusiasm for health and science discoveries make him an ideal choice
to translate MUSC’s intellectual property into viable commercial
products and applications.
Chip Hood
“Our overall mission is to serve the university by supporting the goals
of the Board of Trustees and university administration. We work to
foster relationships between industry and MUSC, with the core focus of
FRD being to take the incredible discoveries that are made here at MUSC
and translate them into commercial products that improve the health of
the citizens of our state and our nation,” Hood said. “The researchers
and clinicians making the discoveries are the key players, but we take
seriously the contribution that FRD can make in turning those
discoveries into more and better ways to treat patients.”
FRD is not a front line health care delivery vehicle. Indeed, those who
work in the foundation are tasked with licensing and gaining patents
for new procedures, cures, treatments, equipment, and many other pieces
of intellectual property discovered in MUSC’s labs and patient care
units. Once those are obtained for carefully selected ideas or
discoveries, FRD approaches the commercial industry movers and shakers
who then gauge whether current markets and economies are ready to
support what FRD is proposing as a viable product, service, technology
or method. Some technologies may be ripe for forming a startup company
based on the discovery, one that could be located in the Charleston
area. “We’re taking the bright ideas and helping to guide the
university into a position as an economic engine,” Hood said. “MUSC is
in a great position to become a major driver of growth of a
knowledge-based economy in the life sciences for the local and state
community.”
With Hood’s arrival, the departure of some staff members, and the
arrival of new staff, FRD is undergoing a kind of regrouping. “We have
an incredible amount of technology in our database that is currently
untapped and we’re putting it all through an intellectual property
triage process to evaluate and determine which ideas to protect through
patents and which ones have the most commercial potential, meaning that
the discoveries can translate into real solutions,” Hood said. “We want
to be responsive to our faculty and be able to explain why something
may or may not be ready for a commercial market. But even if something
isn’t ready now, that does not mean an inventor should stop inventing.
The next discovery may make the first one even better and then we may
be able to move forward. We’re going to work really hard so that our
faculty understands the process and why things move the way they do.”
A native of Hampton County, Hood’s dedication to MUSC is firmly rooted.
At 6 weeks old, Hood had his first encounter with the university via a
trip to the medical center for treatment. He said he feels drawn
to MUSC. After he graduated from Clemson with a bachelor of science
degree in electrical engineering and working for several years as an
engineer for the U.S. Navy, he then went on to his alma mater’s rival,
the University of South Carolina in Columbia to earn his law degree. A
lawyer for 16 years, Hood gained invaluable experience as a plaintiffs’
trial lawyer in Charleston before finding his niche in patent and
licensing law. “Here, we’re in the business of building and fostering
relationships as opposed to the often destructive nature of
litigation,” Hood said.
In 1999, Hood began work with FRD for the first time as a student
intern while attending graduate school at MUSC. He hopes to finish his
degree this year in bioinformatics. During that time, he was
responsible for numerous tasks including: development of
commercialization strategies for new technologies; management of patent
prosecution activities and budgets; negotiation, drafting, monitoring
of licenses, equity agreements, and research contracts; and supervising
compliance activities for federal regulatory requirements. Briefly,
Hood left FRD to become a partner at a law firm solely practicing in
intellectual property law. He couldn’t stay away for long.
Roughly a year after his departure, Hood was contacted in an effort to
bring him back to FRD, this time to the helm of the support
organization.
“They called and said they needed my help. I realized that there is a
sense of accomplishment in the work here that is bigger than private
practice. At MUSC, I have a chance to be a part of something bigger,”
he said.
Understanding
how FRD works
One can liken the task facing the FRD to a kind of sophisticated
guessing game. Much uncertainty exists when trying to determine which
brilliant idea could have the potential for widespread commercial
success, and enough so to entice investors to back the transfer from
idea to reality. “It can be very difficult to predict how well
something will do within industry. Take the drug industry for example.
They have to experiment with hundreds of medications before they
find one that works. Because our researchers are on the cutting edge of
various avenues of research, it can be difficult to predict if their
work will be a hit or if it may be ahead of where the market is at the
time,” Hood said.
“We do have to decide quickly whether or not to patent the idea because
in a university setting we can’t interfere with the need for faculty to
publish their discoveries and add their contributions to the greater
body of knowledge in their field,” he said. “We have a limited budget
so we can’t file on everything. That’s probably our biggest challenge;
making an educated guess about what we protect.”
During the intellectual property triage process, Hood and his
colleagues are assessing the various research strengths on campus,
meeting with those involved in that research and also meeting with
various levels of departmental and university administration to
determine how to take steps to engage industry sooner and smarter.
“There are probably about 30 to 40 really cool ideas. But for what we
may think is fantastic, pharma-ceutical companies and venture
capitalists may say they are not interested. There is, at times, a
difference between good science and good commercial potential. We may
have a researcher who’s made an outstanding discovery from a scientific
point of view, but the commercial market is simply not ready to handle
it,” Hood said. “In that case, we hope we can at least provide contacts
with industry which may lead to sponsored research funding or feedback
to further the progress of research.”
One of Hood’s goals is to make sure that university inventors get
feedback from FRD in an established period of time. “We want to be
responsive, but our researchers need to know that this is a long
process and industry may have to look at a technology again and again
before deciding to invest. Also, industry may not have a high interest
level until a patent issues, and getting a patent can take up to five
years,” he said.
The environment that Hood and his colleagues must work in is complex to
say the least. Today, labs aren’t only populated with traditional
scientists, but also men and women who hold multiple degrees,
certifications, and various other doctorates throughout the disciplines
of health care. It is in this environment, Hood said, that
collaboration across the board thrives.
“It’s refreshing to be in an environment so populated with inventors
and to accompany that we have a board of trustees and university
administration that are very supportive and many are inventors
themselves,” he said. “The university students keep us young and I
truly enjoy being around so many smart people. We’re getting our
bearings and with the continued support of the university, plan to
truly position MUSC as a major economic engine in our region.”
Hood also has a teaching position with the Charleston School of Law,
has presented and lectured on numerous patent law issues, and is a
member of numerous organizations including the South Carolina Bar,
American Intellectual Property Law Association, Association of
University Technology Managers, Rotary Club of Charleston, American
Radio Relay League (a national association for amateur radio), and
Trinity Episcopal Church on Edisto Island.
Friday, Sept. 29, 2006
Catalyst Online is published weekly,
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