NUIG signs €11m medical technology agreement with US clinic
Galway Bay fm newsroom - NUI Galway has signed an agreement with the Mayo Clinic in the US which will see intellectual property brought to Ireland.
It will see the commercialisation of up to 20 novel medical technologies in Ireland over the next 5 years with the aim of creating several high value medical technology spin-out companies.The device which is patented by the Mayo Clinic in America is for the treatment of acute pancreatitis. A team led by Dr Mark Bruzzi of NUI Galway aims to design and develop a prototype device for human clinical use.NUIG will also validate the market and reimbursement model for the device with the aim of exploiting the commercial potential of the technology in Ireland.The pancreatitis project is the first in a collaboration between Enterprise Ireland and Mayo Clinic.The Taoiseach Enda Kenny TD will be present for the the signing of the 11 million euro agreement in Dublin today (10th April 2014).