Does CIRM require a Grantee to obtain prior CIRM approval of strategies to exploit CIRM-Funded Technology – whether by license, sale or other form of transfer?

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Does CIRM require a Grantee to obtain prior CIRM approval of strategies to exploit CIRM-Funded Technology – whether by license, sale or other form of transfer?

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No. While CIRM’s regulations require a Grantee to take reasonable steps to develop, commercialize or otherwise bring to practical application CIRM-Funded Technologies and Inventions, the regulations neither grant CIRM an ownership interest in these discoveries nor require CIRM approval of a Grantee’s decision whether or not to retain or transfer interest in these discoveries. The Grantee controls patent prosecution, choice of counsel, selection of claims and all patent prosecution decisions.