Let’s say that you have a team of researchers at University of Chicago and they find some chemical cocktail that makes cancerous cells revert to being normal cells. Yay! A cure for cancer! But what’s the usual route it takes to become something sold in pill form by some major pharmacutical company? I know there’s all sorts of testing and whatnot to be done but I’m more curious about patenting rights, who gets paid, etc than the medical/scientific end.
Do research universities sell off the rights to their discoveries? Do they enter the public domain so no one can patent the afore mentioned cockatail? Are they licensed?