Intellectual Capital Flowing from University to Industry
Taking the lead
further in transferring intellectual capital to the industry, National
University of Sciences & Technology (NUST) granted exclusive licence of four
Intellectual Properties (IPs) to Pharmatec Pakistan Pvt Ltd, Karachi, a leading pharmaceutical
company of Pakistan with international presence, on Friday, November 30, 2018.
Dr Nassar Ikram, NUST Pro-Rector Research, Innovation & Commercialisation
(RIC), and Dr Shahida Qaiser, Managing Director, Pharmatec signed the agreement
for TB Spot and Smart Wound Management Device (SWMD), the 2 products which
Pharmatec will manufacture and market under the licensed IPs. Prominent among
others present at the occasion were Lt Gen Naweed Zaman, HI (M),
(Retd), Rector NUST, CEO Pharmatec, Mr Pervez Hayat Noon, MD Pharmatec, Dr
Shahida Qaisar and Mr Stephen J Martin, MD Bramart Healthcare Consultancy
Limited, London. Three IPs belong to the product called Spot
TB, a handheld robust electrochemical biosensor-based device for early TB
detection. The technology has been developed by Dr Shahrukh from NUST Atta-ur-Rahman
School of Applied Bio-Sciences (ASAB). Fourth IP belongs to the product namely
Smart Wound Management Device (SWMD), a real-time wound health monitoring
system coupled with tailorable drug delivery treatment options. This technology
has been developed by Dr Murtaza Najabat Ali and Ms Marium Mir of NUST School
of Mechanical & Manufacturing Engineering (SMME).
Speaking at the occasion, Rector NUST
appreciated the support of Pharmatec and its commitments towards collaborating
with NUST across various areas for the betterment of society. Mr Pervez Hayat
Noon, CEO Pharmatec acknowledged the contribution of product inventors and
affirmed his company’s continued support to NUST. Pharmatec is amongst the
first few companies setting up their Research Centres at NUST’s flagship project
of National Science & Technology Park (NSTP), Pakistan’s first university-hosted
STP that is set to operationalise in February 2019.
With the signing
of these licensing agreements, NUST has licensed out 7 Intellectual Properties to
the industry during the current year while its total number of IPs recently
crossed the figure of 300, a landmark achievement.