Trump Administration Threatens to Seize Valuable Harvard Patents

The Trump administration threatened to undertake the ownership of a hundreds of millions of dollars from Harvard University, and accused Ivy League College of not complying with the Federal Research Grants’ Law.

In a letter to Harvard President Garber on Friday, Trade Secretary Howard Lutnick said that the university has failed its obligations against US taxpayers and that the government has opened a process that could lead to seizing its patents under the Bayh-Dole law.

According to the letter displayed by Bloomberg News, Harvard is until September 5th to prove whether the US has chosen for the production of the production or complies with requirements, including the risk of losing its patents. The government can provide third -party licenses to Harvard’s patents.

“This unprecedented action is another retaliation attempt to defend Harvard’s rights and freedom, Bir said a university spokesman. “We are committed to complying with the Bayh-Bole Law and that the people can access and benefit from many innovations arising from the federal research in Harvard.”

While the movement negotiates the two sides on a potential settlement, the White House’s shooting war with Harvard increased by more than $ 2 billion in the suspended federal financing. He also uses the commercial department and Patent Law of the Administration for the first time in the printing campaign for Harvard and other distinguished institutions.

The university filed a lawsuit for attempts to prohibit humble financing and the administration from enrolling international students.

Bloomberg News reported that Trump administration asked for a payment of at least $ 500 million from the university to return federal funds. Harvard was reportedly seized in this figure.

This article was created from an automatic news agency feeding without changing the text.